Los Angeles City Employees’ Retirement System is scheduled to decide whether to launch a search for one or more managers to run an actively managed $135 million long-only commodities allocation, according to board agenda materials for its Tuesday meeting.
The search is the result of an asset allocation adopted by the board in 2012. Funding will come primarily from reducing exposure to domestic equity managers. Selections are expected in the fourth quarter. Further information was unavailable by press time.