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Daytona Beach (Fla.) Police & Fire Pension Fund
The fund operates as a defined-benefit plan for sworn police officers and firefighters employed by the city of Daytona Beach, Florida.
Daytona Beach (Fla.) Police & Fire Pension Fund
The fund operates as a defined-benefit plan for sworn police officers and firefighters employed by the city of Daytona Beach, Florida. It is governed by a board of trustees appointed from the city and the employee unions, reflecting a standard municipal pension structure. Asset allocation spans buyout, investment-grade fixed income, real estate, and infrastructure. The fund holds a position in the J.P. Morgan Strategic Property Fund, a commingled core real estate vehicle, and maintains a separate infrastructure portfolio. The strategy mix leans toward income-generating, lower-volatility positions consistent with a public safety pension's liability profile. The fund is estimated at roughly $226 million in total assets, based on public filings and peer benchmarking. The trustee board includes four named positions: Jay Maher (police), Michael Rowley (fire), Gregg Gurdak (fifth trustee), and Brenda Fischer (city appointed). The fund participates in the Florida Public Pension Trustees Association and engages with the National Association of Police Organizations for professional development and advocacy. Unlike larger state-level systems, this single-city fund benefits from focused membership and localized governance. Its reliance on pooled vehicles like the J.P. Morgan fund limits direct deal exposure, placing emphasis on manager selection and fee discipline within a small, trustee-driven decision-making body.
General information
Firm type
Public Defined Benefit
Year founded
—
AUM
Approximately $226M (Altss estimate)
Location
Region
North America
Country
United States
City
Daytona Beach
Corporate office
Daytona Beach, FL, United States
Principals
Jay Maher
Police Appointed Trustee
Michael Rowley
Fire Appointed Trustee
Gregg Gurdak
5th Trustee
Brenda Fischer
City Appointed Trustee
Sector focus
Frequently asked questions
Who governs the Daytona Beach Police & Fire Pension Fund?
A board of trustees comprising police and fire appointees, a fifth trustee, and a city appointee. Current trustees include Jay Maher (police), Michael Rowley (fire), Gregg Gurdak (5th), and Brenda Fischer (city).
What investment strategies does the fund pursue?
The fund allocates to buyout, investment-grade debt, real estate (including J.P. Morgan Strategic Property Fund), and infrastructure. The mix is typical for a mid-size public pension focused on income and capital preservation.
Does the fund make direct investments?
Based on available data, the fund appears to use pooled vehicles and commingled funds rather than direct co-investments. Its real estate allocation, for example, is via the J.P. Morgan Strategic Property Fund.
How large is the fund?
Estimated total assets are approximately $226 million, derived from public disclosure and peer data. The fund does not publicly report a precise AUM figure.
Where does the fund's capital come from?
The fund is a defined-benefit plan funded by contributions from active police and fire employees and the city of Daytona Beach. It is not a personal or corporate wealth pool.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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