Los Angeles City Employees' Retirement System staff has delayed its decision to Nov. 12 on a number of RFPs it planned to send out this month. The fund staff is expected to make some slight allocation changes to comply with city charter requirements. The RFPs involve $840 million in total assets. The $5.3 billion fund is expected to issue RFPs for a Lehman aggregate bond index manager, an enhanced S&P 500 index manager and an enhanced large-cap value tilt equity index manager.
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.