Louisiana State Police Retirement System, Baton Rouge, will retain PaineWebber subsidiary Prime Group, its consultant of 11 years, said Irwin Felps, executive director. The $262 million pension plan reviewed presentations from other firms, he said.
Separately, the system is creating a shortlist of managers it will contact by early February about managing $12 million in active domestic small-cap growth equities. Funding will come from a manager being terminated for performance, Mr. Felps said; he declined to provide further information. A selection is expected by the end of March, he said. Prime Group will assist.
The systems current asset allocation is 55% equity and 45% fixed income.