Monroe County (Mich.) Employees Retirement System rehired Comerica Bank as custodian, recently released board meeting minutes show.
The $208 million pension fund issued a request for information in April. The other bidder was Fifth Third Bank.
As of March 31, the actual allocation of the pension fund was 40.3% domestic equities, 20.1% international equities, 17.2% fixed income, 14.4% real estate, 6.2% hedge funds and 1.8% cash.
Joey Becker, retirement specialist, could not be immediately reached to provide further information.