Oklahoma Muni Commits $40M to RE, FI Funds

The Oklahoma Municipal Retirement Fund (MRF) made two commitments totaling $40M, according to recently published minutes from its August 29 board meeting.

The Oklahoma City, OK-based pension committed $30M to Morgan Stanley Prime Property Fund, a core real estate strategy, and $10M to JP Morgan Fixed Income. The move comes as part of a rebalancing, as the pension looks to increase its current real estate allocation from 10% to 15% while lowering its allocation to large-cap equities. 

Per Dakota data, the Oklahoma MRF oversees approximately $1B in assets. 

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Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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