Oklahoma Public Employees Retirement System, Oklahoma City, put two investment options in its 401(a) and 457 plans on watch for performance and organizational issues, said Joseph A. Fox, executive director, in an e-mail.
The two funds — Artisan Partners Asset Management’s midcap value fund and Columbia Wanger Asset Management’s Acorn Z Fund, a midcap growth fund — had about $85.1 million and $46.3 million in assets, respectively, as of March 31.
A Columbia spokesman declined to comment. An Artisan Partners spokesman could not immediately be reached for comment.
The 401(a) and 457 plan, which make up OPERS’ SoonerSave program, had about $915 million in assets as of March 31.
In addition to its defined contribution plans, OPERS oversees an $8.7 billion defined benefit plan. For the three months and 12 months ended March 31, the DB plan returned 2.6% and 7.9%, respectively, surpassing its benchmark returns of 2.4% and 7.6%, Mr. Fox wrote.