The Louisiana School Employees' Retirement System, Baton Rouge, named Acadian Asset Management, Evergreen Investment Management and Thornburg Investment Management as finalists in its search for a firm to run $50 million in active international equities with a tactical emerging market allocation, confirmed Julia LeBlanc, CIO.
Officials at the $1.5 billion system have not decided on a funding source for the new asset class. The allocation would be in addition to a $120 million portfolio run by international equity manager Walter Scott & Partners, Ms. LeBlanc said. The move is being made for diversification.
Fund officials hope to make a selection Sept. 18. An RFP was issued in May with Segal Advisors assisting.