Oklahoma City Employee Retirement System hired Lazard Asset Management to run about $27 million in an international value equity strategy, confirmed Rena Hutton, administrator of the $531 million pension fund.
Causeway Capital Management and Pyrford International also were finalists.
Funding is coming from the termination of an active international large-cap value equity strategy managed by Grantham, Mayo, Van Otterloo. Ms. Hutton did not provide a reason for the termination.
