Los Angeles City Employees’ Retirement System hired Gabriel, Roeder & Smith as its consulting actuary. Incumbent Watson Wyatt’s three-year contract with the $7.5 billion system had expired, said Dan Gallagher, chief investment officer.
The system also affirmed its existing target of 40% of total assets for domestic equities, as a result of a review. The board is expected to review the overall portfolio allocation at its June 26 meeting, he said.
