---
title: Louisiana Firefighters’ Terminates Domestic SMID Cap Manager
description: Louisiana Firefighters’ Terminates Domestic SMID Cap Manager.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/rosie-kerr-nUkxLPE5Fto-unsplash.jpg
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# Louisiana Firefighters’ Terminates Domestic SMID Cap Manager

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/rosie-kerr-nUkxLPE5Fto-unsplash.jpg)

The Firefighters’ Retirement System of Louisiana (FRS) has terminated the Rothschild Asset Management U.S. Small/Mid Cap Core fund, according to meeting minutes from the August 11 board meeting. 

Meeting minutes cite underperformance as a reason for the termination, in addition to Rothschild being on NEPC’s watch list since 2019. 

The Rothschild account was valued at approximately $33.5 million as of June 30, 2022. All funds will be moved to the Russell 2500 index.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)!*

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Equities](https://dakotafunds.com/dakota-funds/tag/equities)

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