Louisiana State Police Retirement System, Baton Rouge, hired Wellington Management to run about $30 million in active international growth equities, said Irwin L. Felps Jr., executive director.
The $652 million pension fund conducted an invitation-only search for a manager to replace Aberdeen Asset Management, which ran a similar portfolio and was terminated for performance reasons. Katie Cowley, Aberdeen spokeswoman, could not be immediately reached to provide comment.
Other finalists were Strategic Global Advisors and William Blair & Co.
Investment consultant UBS assisted.
