Los Angeles City Employees' Retirement System plans to issue an RFI...

Los Angeles City Employees' Retirement System plans to issue an RFI for a manager to run $525 million in a Russell 1000 value index fund. The contract of current manager Barclays Global Investors expires in December, and it is board policy to test the market, according to Daniel Gallagher, CIO. BGI also manages a $788 million S&P 500 index fund for the $7.9 billion system. Fund officials are working with the fund's consultant, Pension Consulting Alliance, to identify managers that can handle an index investment of that size. System officials have not decided when the RFI will be issued but expect to make a selection by December.