Los Angeles County Employees Retirement Association, Pasadena, Calif....

Los Angeles County Employees Retirement Association, Pasadena, Calif., increased the amount in the $26 billion plan’s alternatives allocation to up to $330 million in commitments, said Christopher J. Wagner, investment officer. The increase brings the system closer to its target alternatives allocation of 7% of total assets. Consultant Pathway will develop a shortlist of managers for future searches, Mr. Wagner said, and no RFPs will be issued.