Louisiana School Employees' Retirement System, Baton Rouge, plans to invest $45 million in a diversified core real estate fund, said Julia LeBlanc, CIO. Officials of the $1.5 billion pension fund approved this initial real estate fund investment to further diversify the system's investments, she said. A funding source has not yet been determined, but no managers will be terminated. The plan's board will likely interview finalists in November, Ms. LeBlanc said. The board is scheduled to meet Nov. 21-22.
Separately, fund officials will interview candidates Aug. 22-23 to replace Executive Director Patrick Cosper, who will retire at the end of September.