The Ohio Police & Fire Pension Fund is seeking at least one active international small-cap equity manager for about a $500 million mandate, Pensions & Investments reports. The search is due to a change in the $11.7 billion fund’s non-U.S. equities allocation to include small-cap equities. In August 2010, the Ohio fund’s board decided to terminate Acadian Asset Management, which managed $576 million in active international equities. It has not yet decided what it will do with the remaining assets.

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