Los Angeles City Employees’ Retirement System’s staff is drafting an RFP for a large-cap value manager. The $7.7 billion system’s board will consider approving the search later this month. Neither the amount of the new allocation nor the funding source has been determined, said Dan Gallagher, chief investment officer.
The system also renewed a three-year contract with Thomson, Horstmann & Bryant, which manages $370 million in active domestic small-cap value equities.
