La. Teachers To Pump $1.25 Billion Into Alts.

Feb 10 2006 | 9:43pm ET

The $12.7 billion Teachers Retirement System of Louisiana may put up to $1.25 billion back into its alternative investment program, with as much as half going to new managers.

Brendan Brosnan, investment manager, said the program returned $1.25 billion in cash in 2005 and "it's our intention to remain in that asset class and over time we will pump back all that money into the program." He expects half will go to existing managers and the other half to new managers.

The plan was scheduled to meet with consultant Paul Yett of Hamilton Lane Advisors to approve the 2006 strategic plan today, after FINalternatives went to press.

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