The $12.7bn Teachers Retirement System of Louisiana (TRSL) has awarded five managers a total of $1.1bn in fixed income mandates.
Dan Bryant, the fund's chief investment officer, said that Julius Baer Investment Management and Brandywine Asset Management had been awarded $250m each in global fixed income mandates.
The TRSL has also appointed three managers to run $200m each in US core fixed income briefs. The three selected are Peregrine Capital Management, Earnest Partners and Banc One Investment Advisors.
Additionally, the fund has now closed its search for a manager to run a $200m to $400m MSCI EAFE international equities mandate. Bryant said that the TRSL's board would make an appointment when it meets in October.
By Geoffrey Ho
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers