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Hollywood (Fla.) Police Pension System
The Hollywood (Fla.) Police Pension System was established by the City of Hollywood to provide retirement, disability, and survivor benefits to the sworn...
Hollywood (Fla.) Police Pension System
The Hollywood (Fla.) Police Pension System was established by the City of Hollywood to provide retirement, disability, and survivor benefits to the sworn officers of the city's police department. The Board of Trustees, chaired by mayoral appointee David Strauss, oversees the fund's management and maintains close ties to the Hollywood Fraternal Order of Police lodge as the bargaining unit representing members. Board members regularly participate in educational sessions through the Florida Public Pension Trustees Association, a network that shapes investment thinking across the state's municipal plans. The fund's investment strategy is defined by a pronounced commitment to private equity, specifically buyout strategies. While precise allocation targets are not publicly disclosed, the pension has also invested directly in real estate through a U.S. Real Estate Investment Fund and an affiliated Housing Impact Fund focused on mixed-use projects in the South Florida market. This home-market real estate exposure sits alongside traditional buyout fund commitments, creating a bifurcated alternatives book that combines local direct property with institutional blind-pool funds. The pension system operates under the administrative umbrella of the City of Hollywood, Florida. Plan documentation and board meeting minutes are maintained through the city's official channels, though the fund does not publish detailed quarterly performance reports or full portfolio holdings online. The board's governance structure follows Florida state statutes for municipal police and fire pensions, which dictate funding standards, actuarial assumptions, and benefit calculations separately from the state-level Florida Retirement System. As a single-city public safety pension, the system's structural differentiator lies in its independence from the state investment pool. Unlike Florida Retirement System participants, Hollywood police officers rely on a locally controlled board whose investment decisions directly impact a contained, professionalized membership base. That local governance — combined with the board's willingness to allocate to private markets — gives a relatively small municipal plan the investment posture more commonly seen in larger statewide systems.
General information
Firm type
Police & Fire Pension Fund
Location
Region
North America
Country
United States
City
Hollywood
Corporate office
Hollywood, FL, United States
Principals
David Strauss
Chairman of the Board of Trustees
Sector focus
Frequently asked questions
Who makes investment decisions for the Hollywood Police Pension System?
A Board of Trustees governs the pension system. The Chairman is David Strauss, who serves as the Mayor's appointee to the board. The board includes representatives tied to the City of Hollywood and the Hollywood Fraternal Order of Police lodge, which acts as the bargaining unit for plan members.
What is the fund's approach to private market investing?
The pension has a heavy tilt toward private equity buyout strategies. It complements fund commitments with direct real estate investments, including a mixed-use housing impact fund located in the South Florida market. This combination of blind-pool buyout funds and local direct property is not typical for municipal plans of this size.
How is this pension system different from the Florida Retirement System?
The Hollywood Police Pension System is a single-city municipal plan for police officers, governed by a local board under Florida statutes specific to police and fire pensions. It operates independently from the Florida Retirement System, meaning its board sets investment policy, hires managers, and bears fiduciary responsibility directly rather than pooling assets with the statewide system.
Does the fund report its portfolio holdings publicly?
The pension does not maintain a standalone investor-relations website with detailed quarterly holdings reports. Plan information, including actuarial reports and board meeting records, is accessible through the City of Hollywood's official municipal channels, consistent with Florida public-records law for local government entities.
What role does the Florida Public Pension Trustees Association play for this fund?
Board members attend educational seminars and conferences through the Florida Public Pension Trustees Association. FPPTA serves as a professional network and training resource for municipal pension trustees across Florida, influencing how smaller plans like Hollywood's think about investment policy, fiduciary duties, and alternatives allocation.
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