Oklahoma Firefighters Pension & Retirement System, Oklahoma City, is searching for a hedge fund-of-funds manager and a global tactical asset allocation manager to run $50 million each, said Troy Brown, director of consulting at The Bogdahn Group, investment consultant to the $2.1 billion pension fund.
Funding will come from equities. Further information was not provided.
Both strategies will serve as “a complement to the system’s total portfolio, targeting a return equal to or greater than the system’s 7.5% actuarial net rate of return with a different risk profile than the system’s total portfolio,” RFPs for the searches said.
The pension fund has an 8% allocation to “other assets,” which includes areas such as private equity and diversified hedge funds.
The RFPs are available on the pension fund’s website. Proposals are due by 5 p.m. EDT on Oct. 31. Finalist interviews will occur on or after Nov. 21 with a hiring decision on or after Dec. 19.