Oklahoma Teachers’ Retirement System, Oklahoma City, is searching for active international equity managers, said Tom Spencer, executive director, in an e-mail.
Developed, emerging and frontier equity strategies will be considered. The number of managers that will be hired and individual allocation sizes has not been determined.
Up to $1 billion could be divided among the selected managers.
“We want to get managers’ best ideas, whether it covers the developed space, emerging markets or frontier markets,” Mr. Spencer previously told Pensions & Investments.
About $918 million of the $14 billion pension fund’s current total international large-cap equity portfolio is passively managed by Northern Trust Asset Management. The remaining $545 million of the international equity portfolio is actively managed by Causeway Capital Management.
Any new managers will be funded from the Northern Trust portfolio. Mr. Spencer previously said the pension fund board might choose to keep a portion of international equity assets passively invested.
The RFPs are available on the pension fund’s website. Proposals are due at 4 p.m. CDT on May 29. A timeline for a hiring decision has not been determined.
Investment consultant gregory.w.group is assisting.
