LACERS Has Taste For 130/30

May 1 2008 | 11:26am ET

The $11.4 billion Los Angeles City Employees' Retirement System is making its first investments in 130/30 strategies, with commitments to two incumbent long-only managers who also have 130/30 strategies in their portfolios.

LACERS in March heard presentations on 130/30 strategies from large-cap value manager Aronson, Johnson & Ortiz and small-cap core manager Thomson Hortsmann & Bryant. The system then directed its consultant Pension Consulting Alliance to bring back recommendations regarding these managers and their 130/30 strategies.

As a result, LACERS has decided to shifting 10% of assets from AJO’s current $444.1 million mandate and THB’s $370.5 million long-only mandate into their respective 130/30 funds.

LACERS currently has a 7% allocation to alternative investments.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...