Newsmakers
LACERA Promotes Luis Lugo to CEO
The former deputy CEO succeeds Santos Kreimann, who announced in January that he was stepping down for health reasons.
Tag: Los Angeles County Employees Retirement Association (LACERA)
Asset Allocation
CIO Interview Series: Jonathan Grabel, CIO, LACERA
Jonathan Grabel, CIO of the Los Angeles County Employees Retirement Association, spoke with CIO as a part of the 2025 CIO interview webinar series about asset allocation, how a plan can construct a portfolio against the changing dynamic of interest rates, and more.
Pensions
US Public Pension Funds Achieved 1-Year Returns of 9.7% in Q2
The top 5% of performing funds returned just below 13%, according to Nasdaq eVestment’s CIO Quarterly.
Pensions
LACERA Wins Court Decision Backing Its Authority Over Employee Compensation, Classification
The state appellate court ruling reversed a 2018 decision by the Los Angeles Board of Supervisors to reject the retirement system’s proposed changes.
Asset Allocation
Taking Wing: Renewable Aviation Fuel Could Have a Strong Investment Future
Chevron and smaller companies bet that animal fats, trash and sugar, among other offbeat things, will power airplanes.
Newsmakers
LA County Pension Seeks Senior Investment Officer for Real Estate
The $77 billion pension fund is also looking to hire an investment officer for corporate governance and stewardship.
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.
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.
Newsmakers
Stock Loan Tiff: 4 Allocators’ Case Against Wall Street Firms Advances
Plans for Iowa, Los Angeles County and two other California counties seek class action standing against Goldman and four others.
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.
Manager Selection
Ex-LACERA Chief Kushner Named as CIO of Austin Fund
The Texas city’s retirement plan has been chronically under-funded.
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.