Parochial Employees' Retirement System of Louisiana, Baton Rouge...

Parochial Employees’ Retirement System of Louisiana, Baton Rouge, hired John Hancock to manage $40 million in active small-cap domestic growth equities for the $1.2 billion system. Funding comes from reducing Loomis Sayles’ active small-cap domestic value equity portfolio to $40 million. The move was made for diversification, said Thomas Sims, administrative director.