Louisiana District Attorneys' Retirement System, Baton Rouge, might search for its first real estate or hedge fund manager in January, said John Vann, CIO of Rushmore Investment Advisors, the $164 million plan's investment consultant.
Trustees in June will begin their education of the new asset classes, a process expected to take at least two quarters, Mr. Vann said. If trustees decide to proceed with a search, the new portfolio, worth $5 million, would likely be funded through cash, he said. Further details have not been determined.
The current asset allocation is 55% equity and 45% fixed income.
