Los Angeles County Employees' Retirement Association, Pasadena...

Los Angeles County Employees' Retirement Association, Pasadena, selected four bond managers that will receive $750 million each pending final contract negotiations. BlackRock Financial Management and Miller Anderson & Sherrerd were selected as core bond and mortgage managers; J.P. Morgan Investments and Dodge & Cox were selected as core bond managers. The money will come from an on going restructuring of the $20 billion fund. Frank Russell assisted in the search.