The Oklahoma Police Pension and Retirement System, Oklahoma City, named six finalists in its domestic small-cap growth equity manager search. Alliance Capital Management, First of America Investment, Keystone Investment, Nicholas-Applegate Capital Management, PNC Asset Management Group and TCW Group are vying for the $25 million assignment.
The manager will replace Target Investors, which was terminated, said Robert Wallace, executive director of the $850 million system.
After five years of top performance compared with other managers, Target simply found itself out of favor with the fund, said Bob Zacarro, president.
Mr. Wallace expects the new manager to be in place by Dec. 1. M.C. Robertson and Associates is assisting in the search.