LACERS selects three semifinalists in investment consultant search
The Los Angeles City Employees’ Retirement System has selected three semifinalists in its search for a general investment consultant. The pension fund issued an RFP in May.According to recent board meeting documents, LACERS has selected Aon Hewitt Investment Consulting, NEPC and Verus Advisory from a group of seven proposals that met the minimum qualifications, including current consultant Wilshire Associates. Wilshire Associates was hired as the pension fund’s general investment consultant in 2010 under a three-year contract, which was extended another three years in 2013. The current contract expires Dec. 31, 2016.