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.
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