US - The $12.7bn Teachers Retirement System of Louisiana (TRSL) has hired Harris Associates to run a $200m equities mandate.
Dan Bryant, the fund's chief investment officer, said that Harris will manage a $200m MSCI EAFE international equities mandate. Holbein Associates assisted the fund.
The TRSL is the Louisiana's largest public retirement system and has approximately 95,000 members and 46,000 benefit recipients. For fiscal year 2000, investments provided an 14.4% rate of return with three- and five-year averages at 14.3% and 15%, respectively.
By Geoffrey Ho
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