Louisiana State Employees' Retirement System.

Pensions & Investments, January, 1999

($ millions) Total assets 5,054 Defined benefit 5,054 Employer DB contributions 220 Benefit payments 392 The fund uses: Stock index futures Short selling Defined benefit asset mix: Domestic stocks 35.3% Foreign stocks 13.3% Domestic fixed income 27.5% Foreign fixed income 9.8% Private equity 1.5% Real estate equity 1.8% Other 10.8% BATON ROUGE, La.

-- As of Sept. 30, the Louisiana State Employees' Retirement System's total benefit assets, all defined benefit, decreased 3%. Employer contributions to the plan increased 6.8%; benefits paid increased 6%. Late in '98, the fund hired Invista Capital as its first international small-cap value equity manager, to manage 1% of the fund. The fund also hired HarbourVest to...

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