Louisiana Teachers' Retirement System, Baton Rouge, hired Systematic...

Louisiana Teachers’ Retirement System, Baton Rouge, hired Systematic Financial Management and Rothschild to manage $200 million and $100 million, respectively, in active small-cap value domestic equities. The $13 billion plan hired the firms to meet its 5% allocation to the asset class. Funding will come from reducing Boston Co.’s $425 million active small-cap value domestic equity portfolio and from several index fund portfolios; the amount of the reductions has not been decided.