Oklahoma Municipal Retirement Fund, Oklahoma City, hired William Blair & Co. to run about $26 million in active domestic smidcap growth equities.
The $676 million pension fund's board approved the hiring at its July 28 meeting, said Jodi S. Cox, executive director and CEO, in an email.
The pension fund had conducted a shortlist search due to the termination of existing manager TimesSquare Capital Management due to personnel changes, the minutes show.
The other finalist was Loomis Sayles & Co.
As of July 31, the pension fund's actual allocation to domestic equities was 34.1%; the target is 35%.
Investment consultant Asset Consulting Group assisted.
