Louisiana School Employees' Retirement System, Baton Rouge, will search for a diversified core real estate fund for a $45 million investment, said Julia LeBlanc, CIO. This will be the $1.5 billion pension fund's first investment in a real estate fund. Plan officials want to further diversify the system's investments, she said. A funding source has not yet been determined, but no managers will be terminated. The RFP will be available Monday on the retirement system's website at www.lsers.state.la.us. Proposals are due Sept. 13, and the plan's board will likely schedule finalist interviews in November, Ms. LeBlanc said. The board is scheduled to meet Nov. 21-22. Segal Advisors is assisting.
Separately, fund officials will interview candidates Aug. 22-23 to replace Executive Director Patrick Cosper, who will retire at the end of September.