Oklahoma Tobacco Settlement Endowment Trust, Oklahoma City, rehired NEPC as investment consultant, said Lisa Murray, chief investment officer at the Oklahoma state treasurer’s office, which oversees the roughly $1 billion trust.
An RFP was issued in June due to a requirement that services go out to bid every five years.
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.
