The $1.5 billion Oklahoma Firefighters Pension & Retirement System issued an RFP for a long/short fund-of-hedge funds manager on Jan. 9.
Robert Jones, executive director, said the move to invest in a fund-of-funds is aimed at complementing the fund's low-volatility portfolio, which is managed by Private Advisors.
Funding for the $50 million mandate has not yet been decided, but will most likely come out of its equities portfolio. Jones said no managers will be terminated.
RFPs can be obtained by contacting Controller Ginger Poplin via email at (email@example.com).