Oklahoma Public Employees Retirement System and Oklahoma Uniform Retirement System for Justices and Judges, both in Oklahoma City, each hired BlackRock Institutional Trust to manage passive TIPS, confirmed Tom Spencer, executive director of the $5.9 billion OPERS.
BlackRock will run $200 million in OPERS and $7 million in the judges and justices system, which has $216 million in assets, Mr. Spencer wrote in an e-mail.
“This is a new mandate for the plans and is being funded by reducing their exposure in its long-term U.S. Treasury portfolio which is managed by Hoisington Investment Management,” Mr. Spencer wrote.
