Louisiana Municipal Police Employees' Retirement System, Baton Rouge, hired Acadian Asset Management and Dimensional Fund Advisors to run a total of $138 million in active emerging markets equities, confirmed Kathy Bourque, director.
Acadian will run $83 million, and Dimensional will run $55 million for the $1.7 billion pension fund.
The pension fund issued an RFP in October following the completion of an asset allocation study. The study increased the pension fund's target to emerging markets equities to 8% from 7%. The pension fund did not previously have any money in the asset class.
Investment consultant NEPC assisted.