Asset Allocation
Los Angeles County Pension Fund Returns 6.4% in Fiscal Year 2023
LACERA outperformed its benchmark by 140 basis points to raise its portfolio’s asset value to $73.6 billion.
Tag: LACERA
Asset Allocation
‘Bonds Are Back’: Allocators Eye Elevated Returns
Higher interest rates have turned fixed income from a ho-hum investment into the hot new thing. Just ask LACERA.
Newsmakers
LACERA Issues RFP for System’s Real Assets Emerging Manager Program
The $67.6 billion pension system is seeking a discretionary separate account manager to implement the Real Assets Emerging Manager Program.
Manager Selection
LACERA Seeks to Fill Newly Created Deputy CIO Role
Los Angeles County fund administrator is looking for candidates to help Jon Grabel oversee a $67.6 billion portfolio.
Asset Allocation
How to Manage Investing in Alternatives
LACERA’s Grabel and WTW’s Vodolazschi explore this wide-ranging asset category in CIO's webinar.
Corporate Moves
Connecticut Pension Fund Poaches LACERA’s Ted Wright to be New CIO
He replaces Laurie Martin as head of the $40 billion Connecticut Retirement Plans and Trust Funds.
Europe’s Venture Capital Finally Flowers, Luring Institutional Investors
Why big allocators on this side of the Atlantic, like CalSTRS, CPPIB, and OMERS, are seeding Old World newbie companies.
Why Venture Capital Is Doing So Well
With stocks and bonds offering meager futures, pension plans and other investors find under-appreciated VC beats another alt, private equity, which grabs all the attention.
CIO Roundtable (Part 3): The Coronavirus’ Chain Reaction on Asset Allocation, Modern Society, and Portfolio Performance
Chief investment officers discuss their approaches in keeping their asset allocation strategies distinct when asset performance is out of control.
CIO Roundtable (Part 1): How Top Asset Allocators are Dealing with Today’s Volatile Market
Asset allocators from the most prominent US institutions offer wisdom and advice to the industry and discuss the pandemic’s effects on their funds.
News
Los Angeles Explores Direct Infrastructure Investment Strategy for Local Projects
LACERA expands its analysis of alternative investment strategies to engage with the real asset class for the first time.
News
Los Angeles Lays Out Tentative Strategy for First-Time Real Assets Portfolio
Pension picks up infrastructure for the first time, and forms a new inaugural ‘real assets’ strategy.
How Asset Balancing Has Gotten More Complex
Bring on the exotica: Public pension plans are going lighter on stocks and bonds, as their alt ownership has almost quadrupled.
Newsmakers
No More Limos for LACERA Board’s Travels
Board votes to mandate additional restrictions on travel permissions after current practices draw scrutiny.
Newsmakers
LACERA Board Sacks CEO Lou Lazatin
Fund launches executive search immediately, putting Chief Counsel Steven Rice in charge for now.