Louisiana Firefighters Increases Target to Fixed Income

At the May 9th Board meeting, the Firefighters’ Retirement System of Louisiana approved new target allocations according to meeting materials. 

In equities, the large cap equity target was decreased by 0.5% to 22%, the small/mid cap equity target was decreased by 1.5% to 6.5%, the international equity was decreased by 0.5% to 11%, and Emerging Markets Equity was also decreased by 0.5% to 4.5%.

Additionally, the core bonds target was raised by 2% to 22%, the global multi-sector fixed income target was increased by 2% to 4%, and lastly the real estate target was decreased by 2% to 4%.

NEPC assisted with the recommendations. 

As of May 31, 2024, Louisiana FRS was valued at approximately $2.4 billion. 

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Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.