Louisiana Municipal Police Retirement Decreases Equities Target, Increases Core Bonds Target

The Louisiana Municipal Police Employees’ Retirement System has approved a new target asset allocation mix, according to a video recording from the April 19 investment committee meeting.

The new target asset allocation mix decreases the total equities target by 3.5% and increases the core bonds target by 3.5%.

NEPC assisted with the asset allocation update.

New Target Asset Allocation Mix:

  • Large Cap Equity: 34% (+3%)
  • Small/Mid Cap Equity: 8% (-2%)
  • International Equity: 14% (-2%)
  • Total Equities: 52% (-3.5%)
  • Core Bonds 15% (+3.5%)
  • Multi-Sector Fixed Income: 11.5%
  • High Yield: 3%
  • Emerging Market Debt: 4.5%
  • Total Fixed Income: 33.5% (+3.5%)
  • Private Equity: 7%
  • Core Real Estate: 7%

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.