Louisiana School Employees to do asset-liability study

Louisiana School Employees' Retirement System, Baton Rouge, is conducting an asset-liability study, confirmed George Meyer, chief investment officer.

The board of the $1.5 billion pension fund at its Tuesday meeting approved the study, which is being conducted by investment consultant Segal Rogerscasey. The consultant plans to present its findings to the board in three to four months.

It is the first such study by the pension fund in about three years, Mr. Meyer said in a telephone interview. It is the pension fund's policy to conduct asset-liability studies every three to five years. He said no specific asset classes are being investigated.

Separately, Mr. Meyer, who was named chief investment officer in August on a six-month probationary basis set to expire Jan. 31, was given the position permanently by the board on Tuesday.

The previous CIO, Brendan Brosnan, retired in July.