Oklahoma Tobacco Settlement Endowment Trust Fund, Oklahoma City, is searching for an investment consultant.
The $1.5 billion endowment trust fund's board of investors issued an RFP because current consultant NEPC's contract will expire Nov, 30, said Lisa Murray, chief investment officer, in an email. The firm is eligible to rebid, she said.
The endowment trust fund's target allocation is 20% domestic large-cap equities; 15% international developed markets equities; 10% each domestic aggregate fixed income and private debt; 9% global asset allocation strategy; 8% absolute-return fixed income; 6% domestic high-yield corporate fixed income; 5% each core real estate, domestic smidcap equities, midstream energy and non-core real estate; and 2% global multisector fixed income.
The RFP is available on the state treasurer's website. Proposals are due at 4 p.m. CDT on July 16. A selection is scheduled for Aug. 17.