Louisiana School Employees’ Retirement System, Baton Rouge, hired Schroder Investment Management to run a $125 million active emerging markets debt portfolio, said Christopher Saik, chief investment officer, in an e-mail.
The $1.8 billion pension fund conducted an invitation-only search earlier this year as part of a continuing effort to further 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.
Other finalists were Ashmore Investment Management and BlueBay Asset Management.
Investment consultant Segal Rogerscasey assisted.