Louisiana School Employees' Retirement System, Baton Rouge, likely will search for timberland, farmland and emerging markets equity managers sometime in the next nine to 14 months, said George Meyer, chief investment officer.
The searches would be implemented under a new asset allocation now being decided. At the investment committee meeting on Monday, members selected a proposed allocation from several presented by Segal Rogerscasey, investment consultant to the $1.5 billion fund. Segal Rogerscasey will present return assumptions based on that allocation at the July 22 investment committee meeting. Mr. Meyer did not provide further details.
In a telephone interview, Mr. Meyer said the entire process to put a new allocation in place would take nine to 14 months.
Among the asset classes for which he anticipates the pension fund searching are timberland, farmland and emerging markets equities, with more possible depending on the final results of the study.
It is the pension fund's policy to conduct asset-liability studies every three to five years.
