The Louisiana Teachers’ Retirement System has appointed PIMCO to manage $400 million in global fixed income, Pensions & Investments reports. Wellington Management and Franklin Templeton had also tendered offers for the mandate.
GAM, which was previously managing the portfolio, also rebid for the role. Separately, the retirement system has allocated around $75 million to the ICG Europe Fund V and about $50 million to the TPG Growth Fund II.
Click here for the story from Pensions & Investments.
