The Firefighters’ Retirement System of Louisiana has lowered the market value of its $57 million investment with a controversial fund manager by around $10 million, or more than 17 percent, according to a story in The Wall Street Journal.

Fletcher Asset Management had offered the firefighters a minimum annual return of 12 percent. The Wall Street Journal reported that the firefighters’ pension fund has now set aside a $10 million reserve because it’s possible the fund won’t collect on profits already booked.

State Legislative Auditor Daryl Purpera is planning to release a report in the next month examining the investment practices and procedures of some public pension systems in the state, according to the Journal.