Oklahoma Public Employees retains Verus Advisory as investment consultant

The Oklahoma Public Employees Retirement System (OPERS) has retained Verus Advisory as its investment consultant, concluding an RFP issued earlier in the year.

The pension fund’s board of trustees and the Uniform Retirement System for Justices and Judges (URSJJ) is charged with the investment of $13 billion in combined defined benefit retirement funds for public employees in OPERS. As of Dec. 31, 2021, the total assets in both defined contribution plans was $1.6 billion.

The general investment consultant will provide consulting advice relating to all investment activities of the OPERS, URSJJ, SoonerSave and Pathfinder plans. Currently, OPERS master custodian Northern Trust calculates all performance results for OPERS pension investments.

A spokesperson for OPERS said the pension fund received responses to the RFP from Verus, Meketa and Wilshire. Verus (including predeces