Oklahoma Teachers’ Retirement System has awarded a mandate to three companies to run 5% of its $9.6 billion in total assets,Pensions & Investmentsreports. Chickasaw Capital Management, Swank Capital and Fiduciary Asset Management will handle the assets in a master limited partnership (MLP).

The allocation will be funded with 5% reductions each in large-cap/all-cap equities, domestic core fixed income and high-yield fixed income. Oklahoma Teachers’, which will also allocate another 5% to both private equity and real estate, was advised by gregorywgroup on its decision to move into master limited partnerships.

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