Wednesday, 17 September 2014
Last updated 1 min 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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