Oklahoma Law Enforcement Retirement System, Oklahoma City, is searching for an opportunistic core-plus/multisector fixed-income manager to run $30 million to $50 million.
The $1.2 billion pension fund is seeking a single manager to run the opportunistic core-plus/multisector fixed-income portfolio, according to the RFP posted on the pension fund's website.
Details on how the portfolio will be funded were not immediately available. According to OLERS' most recent available investment report, as of Feb. 28 the pension fund had three fixed-income managers: TCW Group, which runs $125 million in an active domestic core-plus portfolio; Northern Trust Asset Management, an $89 million in passive domestic core portfolio; and Franklin Templeton, a $63 million active global portfolio.
The RFP is available on OLERS' website. Proposals are due at 4 p.m. CDT on April 9. A timeline for a selection has yet to be determined.
Investment consultant Asset Consulting Group is assisting.
Executive Director Duane Michael could not be immediately reached for further information.
