Tuesday, 29 July 2014
Last updated 3 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…