US - The Teachers' Retirement System of Louisiana (TRSL) does not adequately monitor its investment managers' use of affiliated brokers and its policies do not adequately ensure that decision makers avoid the appearance of conflicts of interest, according to a report by the state Legislative Auditor.
Legislative Auditor Steve Theriot recommended that TRSL prohibit investment managers from using affiliated brokers and review trading activity post-hire to make sure that affiliated brokers are not...
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