Oklahoma Police Pension & Retirement System, Oklahoma City, is searching for two active equity managers, one for emerging markets and one for international, confirmed Steven K. Snyder, executive director and chief investment officer of the $1.8 billion system.
Each manager will run $80 million to $90 million, Mr. Snyder said in a telephone interview.
Mr. Snyder noted that Artio Global Investors, which runs about $88 million in international equities for the system, has some exposure to emerging markets, but the selected emerging markets manager will be the system’s first dedicated solely to the asset class.
He said the system will draw from overweight positions in low-volatility fixed income, global fixed income and international equities to fund the two investments.
The RFPs are available on the pension system’s website. Proposals for both RFPs are due by 4 p.m. CDT Aug. 4. Mr. Snyder said he expects the system to make a selection by late December or January.
General consultant Asset Consulting Group is assisting.
He said the system also plans to search in September or October for a long-short equity manager to run about $80 million. Mr. Snyder said the search is not expected to be completed until February or March 2012. Further information was not available.