The Los Angeles City Employees' Retirement System staff is expected to ask its board in late October to approve searches for a Lehman aggregate bond index manager, an enhanced S&P 500 index manager and an enhanced large-cap value tilt equity index manager.
Staff of the $5.3 billion fund is preparing final touches on the RFP requests now. The index manager could get $240 million; the enhanced S&P 500 index manager, $400 million, and the large-cap manager, $200 million. The planned searches result from already approved style changes in LACERS' asset allocation. Asset Strategy Consulting is assisting.