The roughly $12 billion Teachers' Retirement System of Louisiana (TRSL) moved last week to solicit proposals for a newly approved MBS fixed-income mandate.

The new search, which was approved by the 16-member Board of Trustees on April 8, was recently posted on the system’s Web site, TRSL CIO Philip Griffith told Investment Management Weekly in an email.

The system will receive proposals until May 12, and will include the help of its investment consultant Hammond Associates, the document said.

As of Feb. 28, the Baton Rouge, La.-based system’s asset allocations include a 31% to domestic equity, 27% to international equity, 13% to private equity, 9% to domestic fixed-income, 8% to global fixed-income, 6% to real assets, 5% to debt-related and 1% to cash.

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