Louisiana School Employees Retirement System, Baton Rouge, might issue an RFP for a small-cap value manager to run $75 million, said CIO Brendan Brosnan. Officials at the $1.6 billion system are concerned about the performance of current manager Brandywine Global Investment Management. We may or may not make a change. We just want to compare them to their peers, Mr. Brosnan said. Everyone is having a tough time in these markets, but we want to make sure we get the best performance we can. An RFP could come after a meeting in March. Brandywine would be invited to rebid, Mr. Brosnan said.
Adam Spector, managing director and director of marketing, sales and client service at Brandywine, did not return a call seeking comment by press time.
Separately, the fund committed $15 million each to two Pantheon funds, Europe VI and Asia V, Mr. Brosnan said. Consultant Segal Advisors assisted.