Louisiana Teachers' Retirement System, Baton Rouge, rehired Aon Hewitt Investment Consulting as investment consultant of its $16.5 billion defined benefit plan and hired Mercer as investment consultant of its $1.8 billion defined contribution plan, said Dana Brown, director of public markets.
Aon Hewitt previously was consultant to both plans.
The retirement system issued a solicitation for proposals in July because Aon Hewitt's contract, which covered both plans, was due to expire Dec. 31.
Finalists in the search for both plans were Aon Hewitt, Meketa Investment Group and Mercer.
