Oklahoma Teachers' Retirement System, Oklahoma City, will launch a search for an investment consultant next week, said Tom Spencer, executive director.
The $17.8 billion pension fund will issue an RFP on Nov. 23 due to the impending expiration of current consultant AndCo Consulting's contract on June 30, 2021. The firm is invited to rebid, Mr. Spencer said.
As of June 30, the actual allocation was: 43.3% domestic equities; 21.6% fixed income; 16.4% international equities; 9.8% private equity; 7.1% real estate; and 1.8% cash and cash equivalents.
The pension fund's target allocation is: 43.5% domestic equities; 22% fixed income; 19% international equities; 9% real estate; and 6.5% private equity.
The RFP will be posted on the pension fund's website. Proposals will be due on Jan. 12. A timeline for a selection has yet to be determined.