The plan will also renew the contract of a manager currently on watch.
The plan is looking to make its second investment in the asset class.
The selected firm will assume an $86 million mandate currently handled by an underperforming manager.
A retired state employee is suing Oklahoma’s treasurer, arguing that his enforcement of a new law is harming his pension.
Former Oklahoma Public Employee Association President Don Keenan filed the lawsuit in Oklahoma County District Court on Monday. It seeks to stop a law prohibiting the state from doing business with companies believed to be hostile to the oil and gas industry. Keenan’s lawsuit asks the court to find Oklahoma’s Energy Discrimination Elimination Act unconstitutional.
The search is for a manager to handle $50 million with funding coming from the reduction or elimination of its current large-cap value manager.
The city is seeking consulting services for its four retirement plans.
The city is searching for a firm to manage a customized investment program.
The plan is looking to diversify its domestic large-cap value equity portfolio.
The plan committed to four firms that represent new relationships.