Louisiana Firefighters' Retirement System, Baton Rouge, placed Boston Partners on watch for its $127 million active global equity portfolio.
The $2.1 billion pension fund's board at its March 11 meeting placed the manager on watch due to personnel changes in its global equity portfolio manager team, recently released meeting minutes show.
The minutes show investment consultant NEPC recommended placing Boston Partners on watch "to monitor the global equity team's transition of responsibilities."
The pension fund has two global equity managers. The other, State Street Global Advisors, manages a $109 million passive portfolio.
As of March 31, the actual allocation to global equities was 11%; the target is 10%.
Michael Becker, chief investment officer, could not be immediately reached for further information.