SEARCHES AND HIRES

Los Angeles Water & Power preps real estate consultant search

Los Angeles Water & Power Employees' Retirement Plan will launch an RFP for a real estate consultant in coming weeks, said Jeremy Wolfson, chief investment officer for the $10.3 billion pension plan, in an email.

Incumbent Courtland Partners’ contract is set to expire April 30, according to a staff memo for the board’s Wednesday meeting. Courtland is invited to rebid. The pension plan had a $673 million real estate portfolio as of Oct. 31.

A timetable for the search has yet to be set. The RFP will be posted on the pension fund’s website.

Separately, pension fund officials placed Fidelity Institutional Asset Management and Delaware Investments on watch for organizational changes, according to the recently released minutes of the board’s Nov. 9 meeting. Fidelity manages $488.5 million in international developed markets growth equity and Delaware manages a $599.7 million global extended credit portfolio for the pension plan.