Louisiana Teachers rehires PGIM Fixed Income
The $17.1 billion Teachers’ Retirement System of Louisiana has rehired PGIM Fixed Income to manage about $350 million in active domestic core fixed income, subject to fee negotiations, according to spokeswoman Lisa Honoré.
Louisiana Teachers issued a solicitation for proposals in February for two managers to run a total of $900 million due to the pending contract expirations of PGIM Fixed Income and J.P. Morgan Asset Management.
At its April 7 meeting to select finalists for its core fixed income manager, TRSL selected J.P. Morgan Asset Management, currently managing $550 million, and Baird Advisors to be interviewed and conduct presentations at its next board meeting in early May.
Separately, the pension fund committed up to $100 million to Carlyle Realty Partners VIII, an opportunistic real estate fund managed by Carlyle Group. The pension fund previously committed up to $