St. Louis Firefighters' Retirement Plan hired OFI Global Asset Management to run about $10 million in active international equities, pending contract negotiations, said Janice Fairless, human resources specialist.
The $31 million pension fund issued an RFP in September as a result of an asset allocation study, completed in June, that set a 30% target to international equities. Other targets are 30% to domestic large-cap equities and 20% each to domestic smidcap equities and core fixed income.
It is the first international equity manager for the pension fund, which was created Feb. 1, 2013, the same day benefit accruals were frozen in the $445 million St. Louis Firemen's Retirement System.
Ms. Fairless would not provide finalist information since contract negotiations are still pending.
Investment consultant Dahab Associates assisted.
