Louisiana Asset Management Pool, New Orleans, which runs an $850...

Louisiana Asset Management Pool, New Orleans, which runs an $850 million short-term investment fund for local governments in Louisiana, hired AMR Investment Services and Reich & Tang to manage $425 million each in short-term active domestic fixed income, replacing Banc One Investment Advisors. Following consultant William M. Mercer’s suggestion to divide the pool between two managers, the pool bid out the whole contract in an attempt to reduce fees, said G. Anthony Gelderman III, secretary treasurer.