Glynn County Defined Benefit Pension Plan, Brunswick, Ga., hired Bowen, Hanes & Co. as investment manager, according to a contract agreement obtained by Pensions & Investments.
The $98 million pension fund issued an RFP in June because the contract of incumbent manager Marshwinds Advisory was set to expire Dec. 31. The pension administration committee sets the asset allocation for the investment manager.
Whether Marshwinds Advisory rebid for the services could not be immediately learned.
Orah Reed, the county's human resources manager, did not return phone calls seeking further information.