Oklahoma Firefighters’ Pension and Retirement Board seeks custodian, securities lending agent

The Oklahoma Firefighters’ Pension and Retirement Board has launched a bidding process for a custodian and securities lending agent.

The pension fund has around USD1.5 billion of assets under management, with a current asset allocation target of 30% domestic large cap equity, 10% long/short equity, 12.5% domestic small cap equity, 12.5% international equity, 20% domestic fixed income, 7.5% low volatility hedge funds, and 7.5% real estate.