Oklahoma Firefighters Pension & Retirement System, Oklahoma City, switched an $80 million S&P 500 index fund managed by State Street Global Advisors to equal weighted from cap weighted, said Robert Jones, executive director. After a search, the $1.2 billion fund stayed with SSgA because it had the lowest bid, he said.
The fund also has narrowed its search for a manager to handle $70 million in active domestic large-cap growth equities, and the decision should be made at the Nov. 16 board meeting, he said. The four finalists are: Chase Investment Counsel; Holt-Smith & Yates Advisors: Goldman Sachs Asset; and INTECH. He would not comment on the funding source.
The funds current allocation is 61% equity, 36% fixed income and 3% cash.