Columbus (Ga.) Consolidated Government Pension Board rehired Raymond James & Associates as investment consultant for the city government's pension and benefit trust fund, according to a contract posted on the city's website.
The $475 million pension fund's board issued an RFP in October because Raymond James' contract was set to expire March 1.
What other firms were finalists, if any, could not be immediately learned.
The pension fund's target allocation is: 36% domestic large-cap equities; 30% core fixed income; 8% each, international equities and non-traditional fixed income; 5% each, domestic midcap equities and domestic small-cap equities; 3% each, emerging markets equities and real estate; and 2% alternative investments.
Sandra Chandler, buyer for the Columbus consolidated government's purchasing division, could not be immediately reached for further information.
