Oklahoma Tobacco Settlement Endowment Trust, Oklahoma City, is searching for an investment consultant, said Lisa Murray, chief investment officer at the Oklahoma state treasurer’s office, which oversees the roughly $1 billion trust.
The search is being conducted due to a requirement that services go out to bid every five years.
Current consultant NEPC is invited to rebid, Ms. Murray said.
The RFP is available on the treasurer’s website. Proposals are due by 4 p.m. CDT on July 11. Finalist presentations are tentatively scheduled for Aug. 24, with a hiring decision the same day,
The trust has a target asset allocation of 20% domestic large-cap equities; 15% international equities; 10% each domestic core bonds, absolute-return fixed income, private debt and real estate; 9% global asset allocation; 7% high-yield bonds; 5% domestic small/midcap equities; and 4% dynamic fixed income.