Louisiana Teachers' Retirement System, Baton Rouge, is searching for at least one new active domestic core fixed-income managers, confirmed Dana Brown, director of public markets.
The $13.6 billion retirement system will post the search on its website at within the next couple of days, Mr. Brown said in a telephone interview.
The size of the portfolio has not been determined; the retirement system currently has a 12% target allocation to domestic fixed income and is working on adjusting the allocation, according to Mr. Brown.
Separately, the retirement system named Franklin Templeton, Pacific Investment Management Co. and Western Asset Management as finalists in its search for at least one active emerging markets debt manager to run a total of up to $400 million. The three firms will make presentations to the system's board on May 8.
Hewitt EnnisKnupp is assisting.