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re: Who are Louisiana's biggest "in state" money managers

Posted on 8/15/23 at 1:57 pm to
Posted by secfballfan
Member since Feb 2016
3006 posts
Posted on 8/15/23 at 1:57 pm to
Are you asking who has the largest assets under care of Louisiana RIAs or something along those lines, or what is the largest individual account that is managed in state?

The latter, in other words which entity manages the most money from Louisiana and in Louisiana? For example Teachers Pension in LA is almost all managed by NYC firms. I think PAN AM Life in NO manages most of their $2B internally by people in their office. Who else does this?
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1594 posts
Posted on 8/15/23 at 2:08 pm to
LAMP manages north of $2B. It's basically a money market fund, but it's big and manages a ton of municipalities and such.
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 8/15/23 at 3:17 pm to
Due to various conflicts of interest you probably won’t see a ton of “local” money managers for these entities.

Somewhat related, my guess would be that b1Bank has the most LA deposits as they’re the largest LA-domiciled bank, even though they’re only 6th largest by deposits in the state (JPM, Capital One, Hancock Whitney, Regions, First Horizon are all 2-6.5x bigger in LA).


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