Oklahoma Teachers’ Retirement System, Oklahoma City, posted an RFP for a master limited partnerships manager to run about 5% of the system’s $8.6 billion portfolio.
The first-time investment, along with new 5% allocations to both private equity and real estate, will be funded with reductions of 5 percentage points in each of the system’s large-cap/all-cap equities to 17.5%, domestic core fixed income to 25% and high-yield fixed income to 5%, said James Wilbanks, retirement system executive secretary, in an interview on Sept. 23. The reductions would result in terminations, he said.
The RFP is available at http://www.ok.gov/TRS/Investment/Request_for_Proposal.html.
Proposals are due by 4 p.m. CDT on Oct. 29 and must be sent to both Oklahoma Teachers Retirement System, 2500 N. Lincoln Blvd., Oklahoma City, OK 73152, and gregory w. group, 15 W. 6th St. #2901, Tulsa, OK 74119.