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 $1.1 billion in an S&P 500 index fund and an RFP for a general consultant, pending approval at the $9.3 billion system's Jan. 24 board meeting, said Wayne Ige, investment officer. The board's policy requires searches after one contract renewal. The contract of incumbent S&P 500 manager Barclays Global Investors expires March 31, and the contract of Pension Consulting Alliance, the fund's current general consultant, expires in November. Both firms will be allowed to rebid. The RFP and RFI are expected to be on the system's website at www.lacers.org as early as Jan. 25. Further information was not available.