Louisiana School Employees' Retirement System, Baton Rouge, will begin an asset allocation study before the summer, said Julia LeBlanc, CIO. The study will be the $1.4 billion system's first in about four years, Ms. LeBlanc said. Results are expected in August or September. Consultant Segal Advisors will work with actuary Hall Actuarial Associates.
Separately, the system increased its U.S. equities target to 51% from 45%, reduced its U.S. fixed-income target from 48% to 42%, and left its 1% international equities target the same, Ms. LeBlanc said. Trustees made the move to keep from having to rebalance because of the equity market upturn, she said. No manager changes were made, she said.