Louisiana Teachers' Retirement System, Baton Rouge, is searching for active emerging markets equity managers to run up to $1.4 billion.
The $23.4 billion pension fund has issued a solicitation for proposals due to the pending expiration of the contracts of value manager Dimensional Fund Advisors and growth manager Harding Loevner, which evenly split the portfolio.
Both firms are eligible to rebid, said Dana T. Brown, director of public markets.
The pension fund's target allocation to emerging markets equities is 8%. As of Dec. 31, the actual allocation was 7%.
The SFP is available on the pension fund's website. Proposals are due at 4:30 p.m. CST on March 8. A selection is expected on May 7.
Investment consultant Aon Investments USA is assisting.