L.A. Pension Issues Fund Of Funds RFI

Jan 14 2011 | 10:35am ET

The Los Angeles County Retirement Association is dipping its toes into the fund of hedge funds space. The $36 billion public pension has issued a request for information from funds of hedge funds.

LACERA said it plans to allocate $250 million to funds of funds after taking a hard look at several managers offering customized portfolios. The plan set minimum requirements of $5 billion in assets under management, more than $3 billion from institutional clients and more than $1 billion in customized portfolios. Interested managers should also have at least seven years' experience.

The deadline for responses is Jan. 21. The RFI is available on the system's Web site.

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