Louisiana Municipal Police Retirement Decreases Equities Target, Increases Core Bonds Target

The Louisiana Municipal Police Employees’ Retirement System has approved a new target asset allocation mix, according to a video recording from the April 19 investment committee meeting.

The new target asset allocation mix decreases the total equities target by 3.5% and increases the core bonds target by 3.5%.

NEPC assisted with the asset allocation update.

New Target Asset Allocation Mix:

• Large Cap Equity: 34% (+3%)
• Small/Mid Cap Equity: 8% (-2%)
• International Equity: 14% (-2%)
• Total Equities: 52% (-3.5%)
• Core Bonds 15% (+3.5%)
• Multi-Sector Fixed Income: 11.5%
• High Yield: 3%
• Emerging Market Debt: 4.5%
• Total Fixed Income: 33.5% (+3.5%)
• Private Equity: 7%
• Core Real Estate: 7%

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