Louisiana School Employees' Retirement System, Baton Rouge, will decide on a possible real estate allocation at its quarterly board meeting May 16-17, said Julia LeBlanc, CIO. The investment committee recommended the board invest 2% to 3% of total assets in a commingled real estate fund to further diversify the $1.5 billion fund's investments and help increase returns. It would be the system's first real estate investment. Consultant Segal Advisors recommended the allocation late last year, after an asset allocation study.
Ms. LeBlanc said it's too early to determine a funding source, but she noted no managers would be terminated.