Louisiana Teachers' Retirement System, Baton Rouge, will issue an RFP in two weeks for an active domestic midcap growth equity manager to run $200 million, said Dan Bryant, CIO. The $11.3 billion system's five-year contracts with incumbents Seneca Capital and Forstmann-Leff will expire in June; each manager runs about $260 million and each will be invited to rebid, Mr. Bryant said. He declined to provide further details about funding. Performance in the asset class has been "challenging" over the last three years, and trustees might stick with the current managers, he said. The RFP will be available by contacting the system; responses will be due at the end of March, with a hiring expected by the end of June.
Holbein Associates is assisting.