The Louisiana Municipal Police Employees' Retirement System , Baton...

The Louisiana Municipal Police Employees' Retirement System, Baton Rouge, authorized consultant Summit Strategies Group to begin a search for direct hedge fund managers to run a total of about $70 million, said Charles Hall, the $1.4 billion system's CIO and actuary. Funding comes from a general rebalancing of assets. There is no specific timeline for selection of the managers, Mr. Hall said.