The $6.2bn Louisiana State Employees' Retirement Systems (LASERS) is looking for managers to run a $180m emerging market equity mandate.
LASERS expects to allocate approximately $180m to the selected manager or managers. The closing date for proposals is July 9, 2001. Interested asset managers can contact either the fund or its consultant, Peter Gerlings at New England Pension Consultants.
Additionally, the fund is due to decide upon managers for its US and global tactical asset allocation mandates. The mandates are worth $670m in total, and the fund is due to make appointments by the end of the month.
By Geoffrey Ho
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.