Oklahoma Public Employees Retirement System, Oklahoma City, will issue an RFP for a TIPS manager in the coming weeks, confirmed Tom Spencer, executive director of the $5.7 billion system.
He said fund officials will decide next month on the size of the allocation, its first in Treasury Inflation Protected Securities, which hedge against inflation.
“I think everybody is talking about possible inflation in the future,” he said. “No one knows if that is right around the corner.”
He said funding will come from shuffling fixed-income investments. The fund’s fixed income managers — BlackRock, Hoisingtonand MetWest —will be invited to bid.