Oklahoma City ERS Selects PAAMCO

Jan 12 2006 | 7:41pm ET

The $445 million Oklahoma City Employees Retirement System has selected Pacific Alternative Asset Management Company as a low volatility fund-of-hedge funds manager to manage $20 million.

Rena Hutton, retirement system manager, said the funding will come from AIG Global Investments, which was terminated because the firm had been in the news too much for the plan's liking.

Private Advisors was the other finalist for the mandate. Asset Consulting Group assisted in the search.

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