Oklahoma Cops Pick Loomis
February 25, 2008
The Oklahoma Police Pension & Retirement System (OPPRS) has retained Loomis, Sayles, & Company for a roughly $70 million mandate, said Bob Wallace, the plan's executive director.
Wallace said that funding for the mandate would be taken from Fischer, Francis, Trees, & Watts (FFTW), who will be terminated at some point in the future. Wallace said that the firm manages an international government fixed-income mandate for the plan, but that Loomis would oversee a global account that invests in both government and corporate bonds. Paul Olcay, vice chairman at FFTW, could not be reached for comment by press time.
According to the plan’s Web site, Agincourt Capital Management and Oaktree Capital Management also manage part of the plan's 20% global fixed-income allocation. The site lists the rest of the plan's asset allocation as consisting of 19.3% large-cap equity, 8.3% small/mid-cap equity, 14.4% long/short equity, 11.7% international equity, 8.7% private equity, 12.6% low volatility strategies, 4.8% real assets, and .2% cash.
Asset Consulting Group advises the plan.
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