Louisiana Teachers' Retirement System, Baton Rouge, rehired MFS Investment Management to run about $400 million in active international large-cap value equities, said Dana Brown, director of public markets.
The $16.4 billion pension fund issued a solicitation for proposals in March as a result of MFS' pending contract expiration.
Following the review of submitted proposals, the pension fund decided to forgo finalist presentations and retain MFS, Mr. Brown said.
Investment consultant Hewitt EnnisKnupp assisted.
