City of Los Angeles Deferred Compensation Plan officials expect to search for a consultant, an investment manager for a new active domesticmidcap core equity investment option and a manager to run its $22 million active domestic core bond investment option, said Steven Montagna, senior personnel analyst.
The contract of the $1.8 billion 457(b) plan's current consultant, Mercer Investment Consulting, will expire shortly; the firm can rebid, he said.
The plan does not offer an active midcap equity option. Morgan Stanley, the manager of the plan's current active core bond option, MSIF Trust Core Plus, will be invited to rebid. Plan officials issued the core bond search "to check the market," Mr. Montagna said.
All three RFPs will be available within a month on the fund's website, at www.lacity.org/per/DeferredComp/Deferred_Comp_Main%20Page.htm.
