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.
Baptist Health Care Corp., Pensacola, Fla., added Capital Guardian's Europacific Growth Fund as the first international equity portfolio for its defined benefit plan.
Plan officials placed 10% of the $35 million fund in the strategy in a rebalancing of the fund's equity investments, said Rick Haushalter, vice president of finance.
Hewitt Associates assisted.