Oklahoma Public Employees' Retirement System, Oklahoma City, hired Firstar Investment Research & Management for a $450 million core fixed-income portfolio. Other finalists were incumbent Morgan Grenfell and UBS. The $3.2 billion pension fund also hired Back Bay Advisors to invest a $250 million full range fixed-income portfolio. Other finalists were incumbent Alliance Capital, Miller Anderson Sherrerd and Western Asset Management.
Strategic Investment Solutions assisted.