City of Jacksonville (Fla.) General Employees' Pension Fund hired...

City of Jacksonville (Fla.) General Employees’ Pension Fund hired Merrill Lynch Consulting Services Group to replace Callan as consultant to the $1.5 billion fund. Callan had used its last allowable contract renewal earlier in the year. The new consultant’s first task will be an asset allocation study to start in March, said Angela Wester Morrow, pension coordinator. The fund’s asset mix is 50% domestic equity, 40% fixed income and 10% international equity.