Investors - MARCH 17, 2015

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LACERA issues consultant RFP

by Andrea Waitrovich

The $48 billion Los Angeles County Employees Retirement Association has issued an RFP for a general investment consultant. Its current consultant is Wilshire Associates.

The RFP is available on LACERA’s website. Proposals are due April 17, with finalist interviews and a selection by the board on Aug. 12.

The pension fund’s real estate portfolio has a target allocation of 10 percent, and LACERA currently has 11 percent of its assets invested in the asset class.

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