Okla. Firefighters Cut Alts. Targets

Jun 11 2014 | 8:46am ET

A $2.1 billion Oklahoma pension fund is cutting back on alternative investments.

The Oklahoma Firefighters Pension & Retirement System has slashed its target allocation to “other assets,” which includes hedge and private equity funds, from 11% to 8%, Pensions & Investments reports. The public pension fund also cut its allocation to real estate from 14% to 10%.

The freed-up money from both asset classes will go to an increased allocation to domestic equities, whose target is now 42%.

OFPRS’ other allocations, including to fixed-income hedge funds, were unchanged.

Troy Brown, a consultant to the pension, said that he did not expect the changes to result in any terminations.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of