Louisiana Teachers rehires Mondrian as small-cap manager
Pension plan also commits up to $195 million to 4 alts funds
Mondrian Investment Partners to run up to $325 million in active international small-cap equities, said Dana T. Brown, director of public markets.
The $23.5 billion pension fund issued a solicitation of proposals in January for two managers to split a $650 million portfolio of the asset class due to the impending March 31 expiration of contracts for Mondrian and Dimensional Fund Advisors, which evenly split the portfolio.
The pension fund s investment committee will conduct interviews with finalists American Century Investments, Driehaus Capital Management and Oberweis Asset Management for the other half of the portfolio at its April 8 meeting. Dimensional did rebid for the services, Mr. Brown said.
Louisiana Teachers looking for managers to run up to $1.4 billion
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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.
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