Louisiana Teachers' Retirement System, Baton Rouge, rehired Westwood Management to run $515 million in active domestic smidcap core equities, said Dana Brown, director of public equities.
The $17 billion pension fund issued a solicitation for proposals in June because Westwood's contract was due to expire; there were no other finalists.
The pension fund did, however, name three managers it will bring in to interview at its Sept. 3 investment committee meeting as a potential additional smidcap core manager. The pension fund will interview Frontier Capital Management, Quantitative Management Associates and William Blair & Co.
Investment consultant Aon Hewitt Investment Consulting is assisting.
Separately, the pension fund committed up to $50 million to Rockpoint Real Estate Fund V, an opportunistic real estate fund that focuses on investments in hospitality, office and multifamily properties on both U.S. coasts, managed by Rockpoint Group.
The pension fund committed $75 million to Rockpoint Real Estate Fund III in July 2007.