LACERA hires three new separate account managers
The $39.2 billion Los Angeles County Employees Retirement System (LACERA) has hired three new separate account managers to invest up to an additional $600 million in real estate. The RFP was issued in January 2013 as part of LACERA’s 2012–2013 real estate investment plan. The Townsend Group assisted with the decision.
John McClelland, principal investment officer for real estate at LACERA, confirmed that Heitman,