Pensions
LACERS Launches Search for Next CIO
The candidate will succeed Rodney June, who retired in July, as investment chief of the $28 billion pension.
More than half of the allotment was earmarked for a private equity fund targeting European tech firms.
But allocators point to opportunities they find when investing with smaller, newer firms.
LACERS lowers investment guidance to 7.25% from 7.5%.