Oklahoma Public Employees Retirement System, Oklahoma City, removed American Century Income & Growth fund from its watchlist for improved performance and put two funds — American Century Vista Advisors and T. Rowe Price Emerging Markets Stock fund — on watch for declining performance, confirmed Tom Spencer, executive director of the $7.2 billion system.
The system has $36 million in the American Century Income & Growth fund, an active domestic large-cap value fund; $36.8 million in the American Century Vista Fund, an active domestic midcap growth fund; and $40 million in the T. Rowe Price Emerging Markets Stock fund.
T. Rowe Price spokesman Robert Benjamin declined to comment. An American Century Investments spokesman could not immediately be reached for comment.
The OPERS board also amended its securities-lending agreement with custodial bank Northern Trust, moving the securities-lending collateral from a commingled pool to a separately managed account, Mr. Spencer said.
Mr. Spencer said securities lending provides “incremental income” to the fund. “It makes sense to take a little bit of that risk off the table,” he said.