Oklahoma Tobacco Settlement Endowment Trust Fund, Oklahoma City, issued an RFP for two active domestic core fixed-income managers to handle $65 million each, said James Wilbanks, director of revenue and fiscal policy for state Treasurer Scott Meacham. The portfolios, which cannot contain securities of tobacco-related companies, are now handled in a similar style by Reams Asset Management and Axia Investments, whose contracts expire at years end. They are expected to rebid. The $380 million trust oversees investments of Oklahomas share of the national tobacco settlement.
New England Pension Consultants is assisting. The RFP is available at http://search.nepc.com/OKT/Core_Fixed_rfp.pdf and is due by 4:30 p.m. CDT Sept. 28. Questions should be directed to Amanda Martin at [email protected] A selection is expected on Nov. 16.