Louisiana State Police Retirement System, Baton Rouge, is undertaking its first asset-liability study, said Irwin L. Felps, executive director. Officials want to ensure that the $250 million pension plan can fund long-term liabilities. Charles Hall, the plans actuary, and consultant UBS PaineWebber are assisting with the study, which should be finished by late June, he said. The plans asset allocation is 55% equity and 45% fixed income.
Separately, the plan hired Aronson + Johnson + Ortiz to manage $30 million in active domestic large-cap value equities, said Mr. Felps. The plan terminated GE Asset Management, which ran the money in a similar style; plan officials thought Aronsons investment style would better complement the systems other portfolios, he said. UBS PaineWebber advised.