Oklahoma Police Pension & Retirement System, Oklahoma City, named three finalists in its search for a liquid absolute-return fixed-income manager, Executive Director Ginger Sigler said in an email.
The three finalists are TCW/Metwest Unconstrained, Voya Unconstrained Fixed Income and J.P. Morgan Strategic Income Opportunities. The finalists will make presentations — either in person or virtually — at the fund's Sept. 16 board meeting, Ms. Sigler said.
The finalists were selected from a pool of 32 firms that responded to an RFP issued in January. The $2.6 billion pension fund's current absolute-return manager, PAAMCO Prisma, was not invited to rebid.
The fund was looking for "a different type of AR than what PAAMCO offers," Ms. Sigler said. "We have had them as managers a very long time and have a great relationship with them. We are just going in a slightly different direction."
PAAMCO did not respond to a request for comment.