Los Angeles City Employees Retirement System launched a search for an external auditor to review its annual financial statements, according to an RFP on the system's website.
Brown Armstrong Paulden McCown Starbuck Thornburgh & Keeter Accountancy has been the $10.7 billion pension fund's external auditor for six years, stated Linda Aparicio, LACERS' public information director, in an e-mail. The search is required by law; Brown Armstrong may re-bid.
Responses are due April 12. The RFP is on the pension fund's website at www.lacers.org.
Meanwhile, the LACERS investment committee is expected to recommend that the board select CBRE Investors as a real estate separate account manager to search and buy office property for the system's headquarters.
LACERS officials also renewed the contracts for three years of RhumbLine Advisers' $834 million passively managed S&P 500 account and Franklin Advisers' $271.3 million active small-cap growth domestic equity portfolio.