Investors - APRIL 12, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Louisiana Teachers rehires PGIM Fixed Income

by Jody Barhanovich

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 $

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy