The board is seeking a firm to assist with its $1.7 billion investment portfolio.
The plan is looking to replace its current manager that has “struggled continuously.”
The plan also received a private markets pacing plan in January.
The retirement fund will fully redeem its active domestic mid-cap value equity mandate due to underperformance.
The retirement system is also watching a hedge fund manager due to underperformance.
The plan last conducted a similar search in 2020.
The plan has awarded approximately $1.2 billion across three managers.
The plan’s sole active large-cap growth equity manager has underperformed its benchmark.
Brad Tillberg joined the $12.9 billion Oklahoma Public Employees Retirement System as its new cio in 2009 from Russell Investments. He took the time to answer five questions with FIN News.
The plan’s private markets portfolio accounts for more than half of its total assets.