Oklahoma Public Employees Retirement System, Oklahoma City, rehired Strategic Investment Solutions as investment consultant, confirmed Tom Spencer, executive director of the $6.7 billion system.
SIS has been the pension fund's consultant since 1995. The other finalist was R.V. Kuhns. The contract is for up to five years, Mr. Spencer said.
“The investment committee was satisfied SIS was the best candidate for keeping the job,” Mr. Spencer said in a telephone interview.
Separately, the retirement system returned 1.8% for 2011, outpacing the policy benchmark of 1.1%. The return for the first six months of its fiscal year, which began July 1, was -3.2%.
