1947
First Investment
First investment approved – $200k in U.S. Treasury Bonds, Series G & H.
1955
First Custodian
National Bank of Commerce in New Orleans selected as the first custodian.
1966
Certificates of Deposit & Corporate Bonds
First investment in certificates of deposit ($100m) and corporate bonds ($3m par value of AT&T).
1968
Equities
First investment in equities of $1m. Stocks included AT&T, GE, GM, Eastman Kodak, Union Carbide, and Standard Oil.
1970
High Yield Bonds
Invested in high yield bonds.
1974
First Consultant
Boston Company of Louisville, KY hired as first consultant.
1976
Policy Adopted
First formal Investment Policy adopted.
1982
Asset Growth & Money Managers
Assets reached $1 Billion.
First money managers hired.
1986
In-House Investments
In-house structured investment program approved.
1988
Asset Allocation Adopted
Asset allocation adopted: 60% debt, 35% equity, 5% real estate
1990
Assumption Rate
Investment assumption rate changed to 8.25%. First International Equity managers hired.
1995
First Workshop
First Investment Workshop held for the Board of Trustees.
1999
Internal Management
Internally managed program began with S&P 500 Index Fund.
2008
Asset Growth
Assets exceed $8.5 Billion.
2020
Current Assets
LASERS assets reached $12.3 Billion.
Asset Growth
as of June 30 Fiscal Year-End
1946 | $1.1 Million |
1968 |
$220 Million |
1992 | $2.88 Billion |
2002 |
$5.56 Billion |
2008 | $8.68 Billion |
2010 | $7.68 Billion |
2019 | $11.55 Billion |
2020 | $10.66 Billion |
Dec 2020 |
$12.3 Billion |
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