Montgomery County (Ala.) Retirement System Fund will invest in...

Montgomery County (Ala.) Retirement System Fund will invest in equities for the first time Oct. 1, said Al Umphrey, deputy administrator. The $39 million pension fund is now invested entirely in U.S. fixed-income instruments managed by AmSouth Bank. The change in allocation is the result of state legislation that allows the fund to place up to 35% of assets in U.S. equities over the next few years. Trustees have decided AmSouth will manage the initial 10% allocation.