Oklahoma City Employee Retirement System hired active domestic small-cap managers Seneca Capital and EARNEST Partners to manage $17 million each in growth and value equities, respectively, said Rena Hutton, retirement system manager. The $354 million system terminated Tom Johnson Investment, which ran $28 million in large-cap value; Janus Capital, $14 million in large-cap growth; and Nicholas-Applegate, $13 million in midcap growth. Plan officials wanted to go with a small-cap strategy, Ms. Hutton said. The remaining $21 million in assets was moved to an existing State Street Global Advisors S&P 500 index fund, raising it to $150 million.
Asset Consulting Group is adviser.