Oklahoma Firefighters Pension & Retirement System, Oklahoma City, may issue an RFP for a manager to run $47 million in active international equity benchmarked to the MSCI EAFE index, said Robert Jones, executive director. If the board of the $1.1 billion pension plan approves the RFP at its May 16 meeting, it should be issued by May 23, he said. Further details have not been finalized.
Funding would come from terminating Credit Suisse Asset Management, which ran the money in a similar style, for performance, Mr. Jones said. The plan has not searched for a manager using that style since 1994, he added. Credit Suisse, which has been on watch, will be asked to rebid if the RFP is issued. Suzanne Fleming, vice president-corporate communications for Credit Suisse Asset Management, declined comment.
The plans asset allocation is 65% equity and 35% fixed income. Asset Consulting Group will advise.