Oklahoma City Employee Retirement System on Sept. 13 will interview finalists AIG Global Investment Consulting and Pacific Alternative Asset Management in the $399 million system's shortlist search for a low-volatility fund-of-funds manager, said Rena Hutton, retirement system manager. The system's board is expected to select a manager on that date, she said. The finalists were among five firms considered; Ms. Hutton would not name the other managers. The size of the portfolio has not been determined. Funding will come from reducing its equity portfolio, she said.
The pension fund's current asset allocation is 65% equity and 35% fixed income. Asset Consulting Group is assisting.