Louisiana Teachers' Retirement System, Baton Rouge, hired ING U.S. Investment Management to run $175 million in active domestic midcap growth equities, confirmed Dana Brown, director of public markets.
The $15.2 billion pension fund issued a solicitation for proposals in June because the contract of current manager, Columbus Circle Investors, is expiring. While invited to rebid, Columbus Circle did not do so, according to Mr. Brown.
Other finalists were Disciplined Growth Investors and Janus Capital Group.
Separately, the pension fund rehired LSV Asset Management to run about $850 million in active domestic large-cap value equities. An SFP was issued in July due to LSV Asset's contract expiring.
Mr. Brown said the board of trustees voted at its Sept. 6 meeting to add a second active domestic large-cap value manager to run an as-yet-undetermined amount. Making finalist presentations at the board's Oct. 7-8 meeting will be Delaware Investments, Robeco Investment Management and Wellington Management.
Hewitt EnnisKnupp assisted with both searches.