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LSERS approves asset allocation changes

The US public pension has adjusted its current allocation to private equity.

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Institution: Louisiana School Employees’ Retirement System
Headquarters: Baton Rouge, LA
AUM: $1.88bn
Allocation to alternatives: 24%

LSERS has agreed in their 7 January investment committee meeting to a sizable alteration of their current asset mix, that corresponds to range of portfolio risk and return targets. They will hike allocation to private equity by 7 percent to 12 percent and real estate by 4 percent, also bringing it up to 12 percent. While their oil & gas allocation will stand pat at 6 percent.

As illustrated in the charts below the $1.88 billion US public pension has 12 percent target allocation to private equity that currently stands at 5 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.