Louisiana Teachers' Retirement System, Baton Rouge, is searching for two managers to split a total of between $500 million and $550 million in active domestic smidcap core equities.
The $23.3 billion pension fund issued a solicitation for proposals due to the upcoming expiration of the contracts of current managers PGIM Quantitative Solutions and William Blair Investment Management, said Dana T. Brown, director of public markets, in an email.
Both managers are invited to rebid, Mr. Brown said.
As of Sept. 30, the pension fund's actual allocation to domestic equities was 21.9%; the target is 25%.
The SFP is available on the pension fund's website. Proposals are due at 4:30 p.m. CST on Dec. 5. A selection is expected in February.
Investment consultant Aon Investments USA is assisting.
