The Oklahoma Tobacco Settlement Endowment Trust has retained NEPC as its investment consultant, following an RFP issued on June 16.
Proposals were received from NEPC, RVK and AndCo. The internal review committee ranked NEPC the highest, followed by RVK and then AndCo.
In a meeting document from August, CIO Lisa Murray said NEPC was recommended over the other firms due to competitive pricing, alternative investing experience, account personnel, firm staff and service level, and custodian security lending request for proposal experience.
As of June 30, the market value of the trust was $1.68 billion, and the one-year return was 25.9 percent, net of fees.
