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Pinellas Park Firefighters' Pension Fund
The Pinellas Park Firefighters' Pension Fund serves the career firefighters of Pinellas Park, Florida, a city of roughly 25,000 residents in the Tampa Bay...
Pinellas Park Firefighters' Pension Fund
The Pinellas Park Firefighters' Pension Fund serves the career firefighters of Pinellas Park, Florida, a city of roughly 25,000 residents in the Tampa Bay area. The City of Pinellas Park sponsors the plan, and Mayor Sandra Bradbury sits as chairman of the Board of Trustees. Trustee Michael Fortenbery holds a Certified Public Pension Trustee (CPPT) designation from the Florida Public Pension Trustees Association (FPPTA), the state body that trains and advocates for municipal fund fiduciaries. Despite its small-town jurisdiction, the fund's portfolio reaches well beyond domestic fixed income. Public records show commitments to PIMCO Tactical Opportunities Onshore Fund, PIMCO Corporate Opportunities Fund III, and PIMCO BRAVO Fund IV — vehicles that invest globally across distressed credit, special situations, and opportunistic capital. The fund also allocates directly to US real estate through a principal commercial property fund and a mixed-use investment fund. This level of alternatives exposure is uncommon for a single-city firefighters' plan and suggests a deliberate, return-seeking posture. Trustees operate under Florida's public pension governance framework, with the FPPTA providing continuing education. No professional investment staff is separately listed, meaning the board likely relies on external consultants or fund-manager relationships for manager selection and monitoring. The fund's total AUM is not publicly disclosed, but the presence of multi-strategy institutional vehicles implies a level of scale and sophistication that exceeds the pension's municipal profile. The structural differentiator is governance density: a group of local trustees, most of whom are not full-time investment professionals, oversees a portfolio that spans global tactical credit and direct property. That setup forces a heavy reliance on external managers and makes the quality of consultant advice and board education unusually important to the fund's long-term outcomes.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Pinellas Park
Corporate office
Pinellas Park, FL, United States
Principals
Sandra Bradbury
Chairman, Board of Trustees
Michael Fortenbery
Trustee
Frequently asked questions
Who runs investment decisions at the Pinellas Park Firefighters' Pension Fund?
The Board of Trustees governs the fund. Mayor Sandra Bradbury serves as chairman, and Michael Fortenbery is a trustee with CPPT certification. The board likely relies on external investment consultants for manager selection and portfolio construction, as no dedicated internal investment staff is identified in public records.
Does the fund invest in alternative assets, and if so, which types?
Yes. The fund has committed to several PIMCO vehicles including Tactical Opportunities Onshore Fund, Corporate Opportunities Fund III, and BRAVO Fund IV, which cover global distressed credit, special situations, and opportunistic strategies. It also invests in US real estate through a principal commercial property fund and a mixed-use fund.
What is the fund's relationship with the City of Pinellas Park?
The City of Pinellas Park is the plan sponsor. The mayor of Pinellas Park, Sandra Bradbury, chairs the pension board. The fund exists to provide retirement benefits exclusively for the city's career firefighters.
How are trustees trained and governed?
Trustees operate under Florida public pension law. At least one trustee, Michael Fortenbery, holds the Certified Public Pension Trustee (CPPT) designation from the Florida Public Pension Trustees Association (FPPTA), which provides education and advocacy for municipal fund fiduciaries across the state.
Does the fund disclose its total assets under management?
No. The Pinellas Park Firefighters' Pension Fund does not publicly report total AUM. Portfolio holdings are partially visible through public records, but a comprehensive asset figure has not been published.
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