The Los Angeles City Employees' Retirement System issued two RFPs - one for an enhanced S&P 500 index fund manager to run $300 million to $500 million and one for a large-cap value enhanced index manager to run more than $200 million.
Responses to the enhanced S&P 500 RFP must be submitted to the $5.8 billion fund by Jan. 3; responses to the large-cap value RFP are due Jan. 10.
To qualify for the enhanced S&P 500 assignment, a firm must manage at least $800 million in the strategy and have at least $2 billion in total assets. Managers responding to the large-cap value RFP must manage at least $400 million in that strategy and have at least $1 billion in total assets. Funding will come from existing index fund managers.
