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Doug Hanly joined the Louisiana State Police Retirement System as its inaugural cio in 2023 from wealth management firm Atala Financial, where he had been cio since 2021.
The new director of fixed-income joined the plan from the New York State Teachers’ Retirement System.
The deferred compensation plan received one proposal in response to a general investment consultant RFP issued in July.
The firm underperformed in all time periods since inception.
The foundation selected a new general investment consultant to oversee its portfolio after launching a search earlier this year as it had been five years since it last put the services out for bid.
The plan’s initial priority will be to conduct a global core/value equity strategy search to compare with an existing investment manager.
The fund closes above its $1.25 billion target at $1.44 billion.
The discretionary advisor is seeking an investment performance reporting manager to assist in data collection and analysis.
The plan will consider replacing a domestic large-cap equity fund on watch status and approving a new asset allocation for its portfolio at its December board meeting.
The managing director recently left their role to join the family office of a prominent investor as its investment head.