SEARCHES & HIRINGS
Oklahoma Teachers' Retirement System, Oklahoma City, hired three small-cap equity managers to invest a combined $235 million for the $4.5 billion system. Kopp Investment Advisors will receive $85 million; Denver Investment Advisors, $100 million; and Shapiro Capital Management, $50 million. Funding is from a rebalancing and cash flow, said Tommy Beavers, executive secretary. Marquette Associates assisted.
Plumbers & Pipefitters Local 777, Wallingford, Conn., hired Putnam as a bundled provider for its defined contribution plan. Putnam will provide three lifestyle funds, Putnam Voyager Fund, Putnam Growth & Income Fund, Putnam Stable Value Fund and Putnam Investors Fund.
Putnam replaces Wright Investors' Service, which had managed the entire $10 million fund in an annuity. Segal assisted.