Louisiana Department of the Treasury, Baton Rouge, on Monday will issue an RFP for at least one active domestic fixed-income manager to run a total of $200 million for the state's $900 million Medicaid Trust Fund, said John J. Broussard, CIO. The money had been internally managed by previous CIO Cooper Harrell, who retired March 1.
The RFP will be posted on the treasury's website, www.treasury.state.la.us, with responses due April 8. Selections are expected this summer, Mr. Broussard said. PRIME Asset Consulting is assisting.