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

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This total lack of major financial players in the state is something strange I’ve noticed as well. You’d think New Orleans would have at least A FEW major players as holdovers from the old days.

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Like a lot of industries, it's become clustered. Money managers want to work in communities and in networks where there are other nearby money managers.

We don't have a lot of corporate / institutional money here compared to other states. We do have a decent amount of old individual money, but that's all just done with local investment reps of companies located in other places. JP Morgan Private Wealth, etc.

None

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Virtually 100% of State Pension money is outsourced and most of LSU's. So who are the biggest money managers of money that do it in Louisiana? Insurance companies sometimes do but $1 Billion Amerisafe has a CT firm manage their money I am told. Benson $ managed out of New Orleans? BCBS is done at national level. Pennington?

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A couple comments to this and other responses

-most state pensions/university endowments in every single state are outsourced to the big consultants, very few do it in house like Harvard/Yale/Calpers
-The insurance companies are probably the closest thing as they allocate money from the General account to various asset managers, with that being said, most money is going to end up in New York etc. (same can be said for the above self managed accounts, a lot of their money will end up at Blackrock, Fidelity, Wellington etc. + the alt shops etc. - only difference btw LSU and Harvard is that LSU outsources allocation, Harvard allocation decision are in-house)
-As mentioned Villere is probably one of the largest "institutional" RIA/Asset Managers
-Largest institutional asset manager is likely Bernhard Capital ~$3.5 billion in AUM
-I would not include a New Edge/Goss as a money manager, they are an RIA/wealth manager roll-up, their whole game was recruiting advisors to their platform so that those advisors can take advantage of larger scale with vendors/clearing firms/broker-dealers etc. (LPL mostly),
-I do agree it is crazy that there no mutual fund/TAMP type RIAs based in LA

My 2 cents on what was discussed in this thread

Argent Financial is headquartered in Ruston. Primarily Trusts and Money management. Operates in 13 states and 40 billion plus in assets.

It is amazing to me that people will pay an "active manager" and that manager will invest the money in some fund with fees too. It is a double whammy.