Louisiana Firefighters' Retirement System, Baton Rouge, hired AQR Capital Management and Putnam Investments to run about $32 million each in risk-parity strategies, confirmed Kelli Chandler, investment officer.
The $1.3 billion pension fund issued an RFP in August, the first time the pension fund has invested in risk-parity strategies. Ms. Chandler wrote in an e-mail that there is no specific funding source.
There were no other finalists.
Investment consultant NEPC assisted.
