Louisiana School Employees’ Retirement System, Baton Rouge, is concerned about the performance of current small-cap value manager Brandywine Global Investment Management, which runs a $75 million portfolio, said Brendan Brosnan, CIO of the $1.6 billion system. Officials at the system are considering whether to search for other managers. “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.
