Oklahoma Teachers’ Retirement System, Oklahoma City, is searching for an investment consultant, said Tom Spencer, executive director, in an e-mail.
The contract of gregory.w.group, the incumbent consultant, expires June 30. The firm is invited to rebid, Mr. Spencer wrote.
The RFP is available on the $14 billion pension fund’s website. Proposals are due by 4:30 p.m. CST on March 6. A hiring decision could be made as early as March 25 and no later than April 22, Mr. Spencer wrote.
Separately, OTRS named two finalists in its search for a custodian and securities lending provider. The finalists, which will be interviewed Feb. 24, are J.P. Morgan Chase, the incumbent provider, and Northern Trust. A hiring decision could be made the following day on Feb. 25.
An RFP was issued in October because J.P. Morgan’s contract expires June 30.
The pension fund has a target asset allocation of 17.5% core fixed income, 17% large-cap domestic equities, 13% midcap domestic equities, 11.5% large-cap international equities; 10% small-cap domestic equities; 7% each real estate and master limited partnerships; 6% each high-yield fixed income and small-cap international equities; and 5% private equity.
