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 parked in a Russell 2000 Growth fund run by State Street Global Advisors.
The system's consultant, gregory.w.group, assisted.