Institutional Investors

Louisiana Teachers starts consultant search for 1% target allocation

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The $14.6 billion Teachers’ Retirement System of Louisiana is formulating plans to move into hedge fund strategies and will begin a search for a hedge fund consultant in July.

The posting of the RFP was discussed at the February meeting of trustees and will likely be approved in March. According to Lisa Honore, spokeswoman for the pension system, the deadline for proposals will likely be in early August, with interviews and board approval of finalists and a successful candidate firm being finalised by 2 October.

The system’s target allocation to hedge funds is 1%, or roughly $146 million.