Louisiana Municipal Police Employees' Retirement System, Baton Rouge, is conducting an asset allocation study, confirmed Kathy Bourque, director.
The study is the result of the $1.6 billion pension fund's hiring of new investment consultant NEPC at its Feb. 20 board meeting. An invitation-only search was conducted in November because of personnel changes at incumbent consultant Segal Rogerscasey.
Ms. Bourque said in a telephone interview that NEPC announced the study at the pension fund's board meeting on Wednesday.
Results of the study are scheduled to be presented at the pension fund's July 17 board meeting. Ms. Bourque said NEPC did not mention any specific potential asset classes.
As of Dec. 31, the pension fund's asset allocation was: 33.34% domestic equity, 25.06% international equity, 20.77% fixed income, 10.89% real estate, 4.91% GTAA, 3.1% hedge funds, 1.53% private equity, 0.4% cash.
