Louisiana Teachers launches emerging markets debt search

Louisiana Teachers’ Retirement System, Baton Rouge, is searching for an active emerging markets debt manager to run about $265 million, said Dana Brown, director of public markets.

The $16.9 billion pension fund on Tuesday issued a solicitation for proposals for an emerging markets debt manager due to the pending contract expiration of current manager Western Asset Management Co., which is invited to rebid.

Proposals are due at 4:30 p.m. CST on Feb. 6. A decision is expected on April 7.

The SFP is available on the pension fund’s website.

Investment consultant Aon Hewitt Investment Consulting is assisting.