Louisiana School Employees' Retirement System, Baton Rouge, named Ashmore Investment Management, BlueBay Asset Management and Schroder Investment Management as finalists for a $125 million active emerging markets debt portfolio, said Christopher Saik, chief investment officer, in an e-mail.
The $1.8 billion pension fund's board will interview the finalists at its April 11 meeting, with a decision expected shortly thereafter.
The pension fund conducted an invitation-only search as part of its ongoing efforts to diversify its fixed-income portfolio. Funding comes from rebalancing the pension fund's core and core-plus fixed-income portfolios; no managers will be terminated.
Investment consultant Segal Rogerscasey is assisting.
