Los Angeles City Employees' Retirement System is scheduled to decide at Tuesday's board meeting whether to hire Quantitative Management Associates and Axiom International Investors for a combined $411 million in non-U.S. emerging market equities mandates and Prudential Fixed Income $200 million for an active emerging markets debt mandate, according to agenda materials for the meeting.
The board is also scheduled to decide whether to rehire general investment consultant Wilshire Associates for a three-year contract instead of launching an RFP. Wilshire's contract would run through Dec. 31, 2016.
If approved by the board, Axiom would run $253 million in a growth emerging markets equities strategy benchmarked to the MSCI Emerging Markets Growth index and QMA would manage $158 million in core emerging markets equities benchmarked to the MSCI Emerging Markets index.
