LACERS

The $9.4 billion Los Angeles City Employees’ Retirement System (LACERS) has extended its request for a proposal for a general consultant to the end of January 2010, as it looks to consider for the first time using a pool of consultants to bid on special projects.

The $9.3 billion Los Angeles City Employees Retirement System will tilt its asset allocation to hedge against inflation and will discuss altering its investment policy to explicitly address inflation at each annual asset allocation review.

The Los Angeles City Employees’ Retirement System (LACERS) will give preference to Los Angeles-based companies in its alternative investment allocations, providing all else is considered equal in terms of performance, strategy, personnel, and philosophy.