Los Angeles City Employees' Retirement System officials plan to launch an RFP to evaluate the marketplace of core fixed-income managers in August, with a hire as early as January, according to a report on the status of the $17.7 billion pension fund's fiscal year 2019 business plan.
LACERS has $3.1 billion in its core fixed-income portfolio, which as of March 31 was managed by Baird Advisors, LM Capital Group, Loomis, Sayles & Co., Neuberger Berman and State Street Global Advisors.
Separately, LACERS hired Segal Consulting for actuarial consulting services, following an RFP launched in May. Segal was the incumbent.
