The search was recommended to explore the space for a new core fixed-income manager.
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 search is being conducted due to the upcoming contract expiration of incumbent CAPTRUST Financial Advisors.
The plan’s private markets portfolio accounts for more than half of its total assets.
The plan last conducted a general investment consultant RFP process in 2016.
Incumbent discretionary/outsourced cio Wilshire has underperformed for the one- and five-year periods ending Dec. 31.
Kevin SigRist has returned to his role as cio at the state retirement systems – a role he resigned from in 2017.
The fund targets top-performing, oversubscribed funds and companies.
The plan closed on three private markets commitments last month.
The city is searching for investment advisory and portfolio management services for its $38 million portfolio.