Mobile (Ala.) Police and Firefighters Retirement Plan rehired AndCo Consulting as its investment consultant.
The $291 million pension fund's board approved the hiring at its meeting on Monday, said Cody D. Scott, deputy director of pensions.
The pension fund issued an RFP due to the pending expiration of AndCo's contract.
Dahab Associates and Segal Marco Advisors were the other finalists.
The pension fund's target allocation is 28% domestic large-cap equities, 25% domestic fixed income, 13% alternative investments, 10% international equities, 9.5% each domestic small-cap equities and domestic midcap equities, and 5% broad equity markets.
