Oklahoma Police Pension & Retirement System, Oklahoma City, hired Julius Baer and Delaware Investments to run $65 million each in active all-cap international equities, said Robert J. Wallace, executive director. Funding will come from terminating Bank of Ireland, which ran $145 million in international large-cap core equities, Mr. Wallace said. The leftover money will be used for rebalancing, he said. Trustees wanted to restructure the $1.3 billion system's 10% international equity allocation; the new firms will handle portfolios with both value and growth tendencies, he said. Bank of Ireland rebid. Asset Consulting Group assisted.
The plan's overall asset allocation is 65% equity and 35% fixed income and alternatives.