Oakland (Calif.) Police and Fire Retirement System hired Strategic Global Advisors as an active international core equity manager to run about $34 million, said David Sancewich, principal at Meketa Investment Group, investment consultant for the $389 million pension fund.
The pension fund issued an RFP in April following a recommendation to move to a core mandate from value and growth tilts. Fisher Investments and Hansberger Global Investors, the current managers, run about $17 million in those styles. Both firms bid for the services.
Meketa assisted with the search.
Teir Jenkins, investment officer, referred questions to Mr. Sancewich.