The $12.7bn Teachers Retirement System of Louisiana (TRSL) has put an international equity mandate worth between $200m to $400m out to tender.
The mandate will be benchmarked to the MSCI EAFE index. The closing date for expressions of interest is July 27.
Additionally, the TRSL is set to appoint two and four active fixed income managers. The appointments are for its $300m to $500m global fixed income mandate and its $200m to $400m US fixed income brief.
In February, Dan Bryant, the fund's chief investment officer, said that funding for the global and domestic fixed income mandates was likely to come from its global bonds portfolio, as the TRSL thought it was overexposed in this area. The global bonds portfolio, which is valued at just over US$1bn, is currently managed by Rogge Global Partners and Strategic Fixed Income.
By Geoffrey Ho
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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