Louisiana Firefighters' Retirement System, Baton Rouge, hired BlackRock to run $63 million in a global tactical asset allocation strategy, confirmed Kelli Chandler, investment officer.
The $1.3 billion pension fund issued an RFP in July. The pension fund created a new 5% allocation to GTAA earlier this year following an asset allocation study. A funding source has yet to be determined.
GMO and PIMCO were the other finalists.
Investment consultant NEPC assisted.
