Chattanooga (Tenn.) General Pension Fund hired Consulting Services...

Chattanooga (Tenn.) General Pension Fund hired Consulting Services Group as investment consultant, said Buddy Presley, outside counsel. Incumbent Morgan Stanley rebid; it had been consultant to the $170 million plan since 1994, Mr. Presley said. Consulting Services Group will begin an asset allocation study and will search for the plan's first commission recapture firm, both within the next six to seven months, Mr. Presley said. The plan's asset allocation is 60% equity, 40% fixed income.