The $6.2bn Louisiana State Employees Retirement System (LASERS) has removed a $600m US tactical asset allocation (TAA) mandate from Invesco and plans to make substantial changes to its asset allocation.
According to Robert Borden, the fund's chief investment officer, Invesco was dropped for performance reasons.” The fund was disappointed with returns from its TAA program in general. He said that I...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
