Sunday, 25 January 2015
Last updated 1 day ago
Nov 6 2007 | 2:12pm ET
The Los Angeles County Employees Retirement Association is looking to add 130/30 strategies to its alternatives portfolio. The $42 billion public pension fund has issued a request for information for large-cap U.S. equities managers in the space.
Firms interested in getting a slice of the public pension fund must be registered with the Securities and Exchange Commission, have been around for at least seven years as of the end of September, have at least $750 million in assets under management across all 130/30 strategies and the proposed product must be benchmarked to either the Standard & Poor’s 500 Index or the Russell 1000 Index in addition to having at least a one-year performance history as of the end of September.
The deadline for the RFI, which can be accessed on LACERA’s Web site, is Dec. 3 at 3 p.m. Pacific time.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…