Los Angeles County Employees' Retirement Association, Pasadena, Calif., on June 8 will choose among finalists Grosvenor Capital Management, Blackstone Group and Goldman Sachs Asset Management to run a hedge fund of funds for the $38.9 billion association, John McClelland, interim chief investment officer, wrote in an e-mail.
The size of the mandate will also be determined on June 8. An RFI was issued in January.
Separately, the system's board on June 8 is expected to interview finalists Milliman, Segal, Gabriel Roeder Smith and Cheiron in its search for an actuarial consultant. Fund officials launched the search in March. LACERA officials expect to hire one firm for actuarial consulting services and a separate firm for actuarial auditing services. Milliman and Segal, respectively, are the incumbents, according to the RFP for that search.
