CONTRACTAWARDED

City of Melbourne Awards Financial Services Contract to Deprince Race & Zollo (May 2026)

Disclosed value: Fee of 45 basis points on $24 million mandate; From minutes
Awarded: May 13, 2026

What it covers

The Board awarded DePrince Race & Zollo a new U.S. Large Cap Value investment management mandate for the full $24 million portfolio at a fee of 45 basis points, replacing Brandywine Global Management.

Who holds it

Deprince Race & Zollo holds this financial services contract with City of Melbourne. Its other public contracts on record include work for City of Titusville and Pensacola International Airport.

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Contract details

Contract type: Financial Services
Amount: Fee of 45 basis points on $24 million mandate
Document date: May 13, 2026
Vendor: Deprince Race & Zollo
Agency: City of Melbourne
Source document: City of Melbourne Minutes Melbourne Municipal Police Officers Retirement System 2026-05-13 (Minutes)

Deprince Race & Zollo's other public contracts

City of Titusville, FloridaDePrince, Race & Zollo Approved for Q1 Investment Management Fee · May 19, 2026$23K Pensacola International Airport, FloridaPension Board Reviews DePrince Race & Zollo Performance · May 13, 2026Undisclosed City of Melbourne, FloridaBoard Interviews DePrince Race & Zollo For Equity Mandate · May 13, 2026Undisclosed City of Titusville, FloridaInvestment Management Fee Paid to DePrince, Race & Zollo · Feb 17, 2026 City of Melbourne, FloridaBoard Schedules Interview with DePrince Race & Zollo · Feb 11, 2026Undisclosed

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Questions about this contract

Who was awarded the financial services contract by City of Melbourne?

Deprince Race & Zollo was awarded this financial services contract by City of Melbourne, as recorded on May 13, 2026. The contract value is Fee of 45 basis points on $24 million mandate.

How much is the Deprince Race & Zollo contract with City of Melbourne worth?

The Deprince Race & Zollo contract with City of Melbourne is valued at Fee of 45 basis points on $24 million mandate, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Melbourne Minutes Melbourne Municipal Police Officers Retirement System 2026-05-13 (Minutes), dated May 13, 2026 from City of Melbourne. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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