The $675 million Louisiana Municipal Police Employees' Retirement...

The $675 million Louisiana Municipal Police Employees' Retirement System, Baton Rouge, began an asset allocation study and issued invitations to several banks to bid on the system's securities lending program. Jeanette Pendley, director, said the system's board wants to review securities lending programs at other banks before deciding whether to remain with Harris Trust. A decision is expected no later than June. The asset allocation review by Summit Strategies Group could result in manager and asset changes, she said, after the results are presented later this summer.