Oklahoma Public Employees Retirement System, Oklahoma City, is searching for a TIPS manager to run an as-yet-undetermined amount, according to an RFP on the $5.9 billion system’s website.
Active or passive managers will be considered, according to the RFP. Eligible candidates must have at least $1 billion in assets under management as of the end of this year.
Tom Spencer, executive director, said in November that funding would come from the system’s fixed-income managers — BlackRock, MetWest and Hoisington — which will be invited to rebid. Mr. Spencer could not be reached today for further comment.
The RFP is available at http://www.opers.ok.gov. Electronic copies can be obtained via e-mail at [email protected] Proposals can be sent to Oklahoma Public Employees Retirement System, U.S. TIPS Investment Management Services Proposal, Attn: Jason Harjo, 5801 N. Broadway Extension, Suite 400, Oklahoma City, OK, 73118.
Proposals are due at 5 p.m. CST Jan. 29. A selection is expected to be made Feb. 18.