The Board of Administration of the Los Angeles City Employees’ Retirement System (LACERS), an $11.4 billion public pension, approved the re-opening of two existing active non-US equities investment manager searches to increase the participation of qualified investment managers. LACERS seeks three or more qualified investment management firms to actively manage three long-only, publicly traded equity investment strategies for each mandate, as follows:
Emerging Markets Mandate: Core, Value, and Growth.
Non-US Developed Markets Mandate: Core, Value, and Growth.
LACERS will determine the appropriate number of managers and allocations based on the aggregate pool of non-emerging and emerging manager finalists for each mandate.
The search documents, which include the minimum qualifications each respondent must meet in order to be considered, will be released on December 10, 2012, and is available on LACERS website at http://www. lacers.org/aboutlacers/request-for-proposals/index.html and the website of LACERS General Fund Consultant, Wilshire Associates, at
Proposers who have formally responded to these searches in August 2012, will be contacted by Wilshire Associates, who will provide the specific requirements necessary to keep their proposals active and valid.
The deadline for submitting proposals and other updated information (as applicable) is 5:00 P.M. (PST), on Friday, January 11, 2013.
QUALIFIED EMERGING MANAGERS ARE ENCOURAGED TO PARTICIPATE IN THESE SEARCHES
To place your RFP ad in Pensions & Investments newspaper and online, please contact Erin Smith at 212-210-0719.
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