Oklahoma Public Employees' Retirement System

Oklahoma Public Employees' Retirement System

The Oklahoma Public Employees' Retirement System was established in 1964 to administer retirement benefits for Oklahoma's public workforce. Joseph Fox serves as Executive Director while Brad Tillberg acts as Chief Investment Officer. The board includes State Treasurer Todd Russ and Chair Grant Soderberg. Assets total $6.5 billion and sit primarily in public market securities. External managers include Westfield Capital Management for $2.279 billion in US equities, BlackRock Financial Management for $1.812 billion in enhanced fixed income, and State Street Global Advisors for $1.221 billion in passive US equities. Real estate exposure includes an $8 million direct holding in the Grand Centre office building in Oklahoma City and a $684 million position in the BlackRock US Real Estate Index Fund. International equity exposure runs through Mondrian Investment Partners. The system maintains 57 professionals at its Oklahoma City headquarters. It retains Northern Trust as master custodian, Verus Advisory as investment consultant, and Cavanaugh Macdonald Consulting as actuarial advisor. Memberships include NASRA, NCTR, and the Council of Institutional Investors. Governance follows state statute with a board of trustees that sets policy and selects external managers. No direct co-investment program or private equity allocation appears in current holdings.