Los Angeles County Employees Retirement Association, Pasadena, Calif., will issue an RFP by Feb. 28 for an enhanced domestic core fixed-income manager to run $1 billion, said Juan Almaguer, principal investment officer, public markets. Funding will come from cutting the $32 billion fund's core and high-yield portfolios over time, he said. The RFP will be available on the association's website, www.lacera.com. Proposals will be due March 31, and a selection is likely in three to six months, he said.
Separately, officials in the first week of February will issue an RFI for one or two managers to run $50 million to $150 million each in active domestic corporate governance equity mandates, he said. Funding will come from reducing the association's $8 billion passive domestic equity portfolio, which is managed by BGI. Proposals will be due Feb. 28, with a selection expected in July.
Also, the board is expected to make a selection Feb. 8 in its search for one or two managers to run a $600 million activeEAFE portfolio. The finalists are incumbent Capital Guardian as well as Acadian Asset Management and LSV Asset Management.