Louisiana TRS Preparing for a Number of Searches in 2023
Written by: Koncheng Moua, Director of Data Management and Strategy
The Teachers’ Retirement System of Louisiana is anticipating at least six different searches across equities and fixed income in the coming year, according to materials from their November board meeting.
A mid cap growth search is proposed for January 2023. The contract with current mid cap growth manager, Voya, is set to expire in July 2023. Voya manages approximately $330 million for the Retirement System.
A multi-asset credit search is proposed for February 2023. This would be a new asset class for the System.
A small cap value search is proposed for March 2023. The contract with current small cap value manager, Mesirow, is set to expire in June 2023. Mesirow manages approximately $338 million for the Retirement System.
A global high yield fixed income search is proposed for April 2023. The contract with current global high yield manager, AllianceBernstein, is set to expire in June 2023. AllianceBernstein manages approximately $451 million for the Retirement System.
A large cap value search is proposed for June 2023. The contract with current large cap value managers, LSV and Macquarie, are set to expire in September 2023. LSV and Macquarie manage approximately $656 million and $515 million respectively for the Retirement System.
A core plus fixed income search is proposed for November 2023. The contract with current core plus fixed income manager, Loomis Sayles, is set to expire in April 2024. AllianceBernstein manages approximately $320 million for the Retirement System.
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Tags: Pension Funds, Searches, Equities, Fixed Income
