LACERA Issues RFP For Futures Strategies

Dec 13 2006 | 3:51pm ET

The Los Angeles County Employees Retirement Association, a $36.7 billion public fund, last month issued a request for proposals for collateralized commodity futures strategies.  Interested firms should be registered with the Securities and Exchange Commission and, as of Sept. 30, must have a minimum of $300 million in assets under management in the proposed product.

LACERA currently allocates 55% of its assets to domestic and international public equities, 6% to private equity, 29% to domestic fixed income and 10% to real estate.  The fund’s board of investments recently approved an allocation of up to 3% in collateralized commodity futures, and it is anticipated that this 3% target will be achieved over a period of approximately three years with the initial investment totaling 1% of assets ($370 million). Prospective managers will be benchmarked to the Dow Jones-AIG Commodity Index. The deadline for responses is noon Pacific time on Dec. 22.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.