Los Angeles City Employees’ Retirement System board retained its existing asset allocations following a review. The target allocations, first adopted about 18 months ago, are 40% domestic equities, 18% non-U.S. equities, 5% real estate, 5% alternative investments, 24% domestic bonds, 6% global bonds, 1% commercial mortgages and 1% cash.
Separately, the $7.8 billion system renewed Dimensional Fund Advisors’ contract as manager of a $280 million domestic small-cap value equity portfolio.
