Oklahoma Firefighters Pension & Retirement System, Oklahoma City, terminated Holt-Smith & Yates Advisors from a $40 million active domestic large-cap growth equity portfolio for performance, said Herb Bradshaw, deputy director of the $1.4 billion pension fund. The money was added to a $46.9 million active domestic large-cap growth portfolio managed by Chase Investment Counsel. Claire Lawrence, marketing administrator with Holt-Smith & Yates, said the firm had no comment on the matter.
Separately, Grosvenor Capital Management, Ironwood Partners, Lazard Ltd., Private Advisors and Union Bancaire Privee were named finalists in the plan's search for its first low-volatility hedge fund, Mr. Bradshaw said. The board will interview the five managers at its Oct. 21 board meeting and could make a selection that day.
Asset Consulting Group is assisting.