Oklahoma Teachers' Retirement System, Oklahoma City, is searching for an active international equity manager to run between $100 million and $150 million, said Bill Puckett, CIO. The $7.4 billion fund is seeking a manager to run a "growth-to-core" mandate, noting that the system could use more investments in the growth area. The search is also "somewhat related" to the termination of TT International from an approximately $95 million active international equity portfolio early this year, Mr. Puckett said; he would not say why the firm was terminated. The balance of funding will come from reducing other international equity investments.
The RFP is available on the retirement system's website at www.trs.state.ok.us. Proposals are due March 31, and final presentations will likely take place in June or July.