Oklahoma Teachers Retirement System, Oklahoma City, hired TT International to manage $200 million in active international equities, said William Puckett, CIO of the $6 billion plan.
Partial funding will come from a $100 million temporary active international equity account managed by Northern Trust. The other $100 million will come from reducing its overall fixed-income allocation to 35% from 38%, said Mr. Puckett. Most of the balance from the fixed-income reduction will go into its Deutsche Asset Management S&P 500 index fund, which now totals $1.1 billion. The remainder will be divided among the systems domestic equity managers, he said.