Los Angeles City Employees’ Retirement System renewed a three-year contract with Templeton Investment Counsel to manage a $400 million Pacific Basin equity portfolio and a one-year contract with Deutsche Asset to run a $490 million active global fixed-income portfolio.
The $7.7 billion system also issued an RFP for a manager to run a $556 million passive fixed-income portfolio benchmarked to the Lehman Aggregate Bond index.
