Los Angeles City Employees' Retirement System has not decided whether to issue an RFP to replace Dimensional Fund Advisors, which will not seek to retain a $300 million active domestic small-cap value equity portfolio it runs for the $7.85 billion fund, said Tom Mizo, LACERS chairman. "DFA declined to renew the contract and so, therefore we are now transitioning those assets," Mr. Mizo said. "Right now we will be looking at our domestic equity portfolio over the next couple of months, and depending on what we conclude there, we will decide whether we will hire another small cap value manager."
"We had a long and wonderful relationship with both the Los Angeles City Employees' Retirement System the staff and the board," John C. Siciliano, DFA director of global institutional services.
Messrs. Mizo and Siciliano would not say why DFA declined to renew.
