Louisiana State Police Retirement System, Baton Rouge, pared the list of finalists to three from six in its search for a manager to run $17 million in active domestic small-cap value equities, said Kim Gann, assistant director. Wellington Management, Lord Abbett and Barrow, Hanley, Mewhinney & Strauss will make final presentations at an investment committee meeting April 20. The committee will then recommend its selection to the board of the $342 million plan, which will select the new manager at a meeting May 18.
The money for the portfolio has been parked in an S&P 500 index account managed by State Street Global Advisors. UBS PRIME Asset Consulting is assisting with the shortlist search.