Oklahoma Teachers’ Retirement System, Oklahoma City, is looking for an executive search firm to conduct a search for a chief investment officer, said Tom Spencer, executive director.
The RFP is available on the retirement system’s website. Proposals are due by 4:30 p.m. CDT on March 20. A hiring decision is expected in April.
The CIO’s duties are currently being handled by the retirement system’s investment committee, investment consultant gregory.w.group, Mr. Spencer and an investment analyst.
However, “there is a lot of value in having a qualified professional in-house,” Mr. Spencer said. OTRS has not had a chief investment officer in several years, he said.
OTRS administers a $14 billion pension fund and $205 million 403(b) plan.
As of Dec. 31, the pension fund had an asset allocation of 46.5% domestic equity; 22.6% non-core assets — made up of 7.8% master limited partnerships, 5.5% high-yield bonds, 4.8% real estate, 3.3% private equity and 1.2% opportunistic assets; 15.5% core fixed income; and 15.4% international equity.
