Baton Rouge–based Louisiana Teachers’ Retirement System (Louisiana TRS) has shortlisted finalists for its first allocation to active emerging-market equities, Pensions & Investments reports. The system has selected Dimensional Fund Advisors, JP Morgan Asset Management, Quantitative Management Associates, Schroder Investment Management and Vontobel Asset Management.

The size, funding source and contract commencement date have not been disclosed yet. The $13.8 billion system decided to allocate 8 percent to emerging-market equities in July following an asset-allocation study by consultant Hewitt EnnisKnupp.

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