Oklahoma Firefighters' Pension & Retirement System, Oklahoma City, will reissue an RFP for a value-added real estate manager to run $25 million for the $1.4 billion system, said Herb Bradshaw, assistant director. Trustees decided to launch the new search because the original RFP did not yield enough responses from managers in the style, he said. The funding source has not been determined, he said. The RFP should be posted by April on the system's website, www.okfirepen.state.ok.us. Trustees will likely review responses in May or June, but the specific timeframe for the search process has not been finalized, he said.
Separately, the system named ING, J.P. Morgan and RREEF as finalists in its search for a manager to run a $40 million core real estate portfolio, the system's first, Mr. Bradshaw said. Trustees might make their selection in May. The funding source has not been determined.
Asset Consulting Group is assisting.