The Louisiana State Police Retirement System, Baton Rouge, named JPMorgan Asset Management, Prudential Real Estate Investors and Principal Global Investors as finalists in its search for a manager to run $20 million in core real estate, confirmed Irwin Felps, executive director. It is the $375 million plan's first real estate allocation. Funding will likely come from rebalancing the plan's $140 million fixed-income portfolio. Plan officials will meet Wednesday and expect to make a selection then, Mr. Felps said.
UBS PRIME Asset Consulting Group is assisting.