Louisiana Municipal Employees' Retirement System, Baton Rouge, hired First Eagle Investment Management to run $20 million in active international large-cap value equities, according to recently released board meeting minutes.
Meketa Investment Group, the $835 million pension fund's investment consultant, conducted an invitation-only search after recommending the board create a 4% allocation to international equities.
The other finalist was Causeway Capital Management.
Robert Rust, director, was not available by press time to provide further information.
