Institutional Investors

Louisiana Teachers tables hedge fund debate after trustees put further decisions on hold

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After interviewing three consultants, the $14.6 billion Teachers’ Retirement System of Louisiana board of trustees put on hold any decisions about hedge funds at this time.

The board requested further education on the asset class to determine whether it is something the system would pursue in the future, according to Lisa Honore, spokeswoman for the retirement fund. Officials interviewed three finalists in a consultant search that initially was scheduled for later this year. Interviewed last month were Albourne America, Hewitt EnnisKnupp and NEPC.

The system’s target allocation to hedge funds is 1% or roughly