Oklahoma Police retains ACG as investment consultant

IREI has learned that the $2.4 billion Oklahoma Police Pension and Retirement System (OPPRS) has rehired Asset Consulting Group (ACG) as its investment consultant.

At its March meeting, OPPRS voted on whether to renew or terminate the contracts for the consultant, along with a slew of other professional services. All of the contracts were renewed, according to a board meeting document.

ACG advises on more than $100 billion in client assets, according to the firm’s website.

In addition, OPPRS also voted to renew the contracts for a number of investment managers, including Blackstone Property Partners and J.P. Morgan Asset Management for the pension fund’s real assets portfolio.

OPPRS could not be reached to comment on its investment activity at the time of publication. The pension fund has a 12 percent allocation to the real estate asset class.