Teachers’ Retirement System of Louisiana, Baton Rouge, issued an RFP today for one midcap growth and one value equity manager, because contracts for four current midcap U.S. equity managers are expiring, said Dan Bryant, CIO for the $10.2 billion fund.
Proposals are due March 5.
Incumbent managers NM Capital, Fleet Financial, George D. Bjurman and Wellington are expected to rebid.
While declining to disclose portfolio sizes, Mr. Bryant did say the four run a total of $300 million.
A decision on the midcap growth manager is expected by May, the value manager will be chosen in June.
Holbein Associates is assisting.
Separately, Mr. Bryant said, a search for an EAFE manager will begin after the midcap search is completed, and is being conducted because of contract expirations.
Incumbents Scudder, Stevens & Clark; Smith Barney Capital and WorldInvest are expected to rebid.
TT International and Invista Capital Management also run EAFE portfolios for the fund.
Portfolio sizes were not disclosed. A total of $800 million is run by the five managers.
