Tulsa County (Okla.) Employees' Retirement System is searching for a passive U.S. large-cap core equity manager and an active U.S. small/midcap value equity manager to each run about $30 million for the $296 million pension plan.
Proposals for the passive allocation should be benchmarked to the S&P 500 index, while proposals for the active strategy should be benchmarked to the Russell Midcap Value index. Proposals for both strategies should have a verifiable three-year performance track record and have at least $500 million in equity assets under management.
The funding source could not be learned by press time.
Tulsa County's portfolio as of Dec. 31 was allocated 35% to core/intermediate fixed income, 34% domestic equity, 11% international equity, 9% high-yield fixed income, 6% active duration U.S. Treasury bonds, 4% master limited partnerships and 1% cash.
The RFPs are available on Tulsa County's purchasing department website. Registration is required.
Proposals for both searches are due by 4 p.m. CDT on April 20. Hiring dates were not disclosed. Further information could not be learned by press time; Matney M. Ellis, Tulsa County purchasing director, and Michael Willis, county clerk, could not be reached for comment.