Teachers' Retirement System of Oklahoma, Oklahoma City, hired Smith Asset Management Group to run $150 million to $160 million in active domestic small-cap growth equities, said Bill Puckett, CIO. The firm replaced Artemis Investment Management, which the board of the $7.3 billion system terminated earlier this year for performance. Ivan Thornton, COO of Artemis, said the firm doesn't comment on client matters. The money has been parkeState Street Global Advisorsund run by State Street Global Advisors.
The system's consultant, gregory.w.group, assisted.