LSPRS invests trust fund assets according to sound fiduciary standards. The Board of Trustees and its consultants conduct periodic asset allocation reviews. These reviews result in a well-diversified allocation of LSPRS’s investment funds. Investment results are also reviewed annually by an investment consultant, an independent auditor, and LSPRS’s actuary.
Beginning on January 1, 1996, the domestic investment managers and advisers hired by LSPRS must comply with the Performance Presentation Standards as published by the Association for Investment Management Research.
Earnings from invested assets, together with the employee and employer contributions, provide the funds to pay benefits.