The roughly $7 billion Louisiana State Employees' Retirement System (LASERS) Board of Trustees decided last week to award Marathon Asset Management a nearly $250 million MBS mandate, system CIO Bobby Beale told ASR's sister publication, Investment Management Weekly.

The New York-based firm, which has offices in Singapore and London, beat out three other competing firms for the contract at its most recent Aug. 26-27 meeting, Beale said.

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