Los Angeles County Employees Retirement Association

LACERA is an independent governmental entity that administers and manages the retirement fund for the County of Los Angeles and outside districts. They are the largest county retirement system in the United States. Mission: To Produce, Protect, and Provide the Promised Benefits. Vision: Excellence, Commitment, Trust, and Service. Values: Professionalism, Respect, Open Communication, Fairness, Integrity, and Teamwork

Country

United States

AUM

$86

Performance (%, 1YR)

9.70

Chief Executive

Luis Lugo (Acting CEO)

Chief Investment Officer

Jonathan Grabel

Chair

Jason E Green

Asset allocation

Based on Pension Plan

48% Growth

24% Risk Reduction & Mitigation

14% Real Assets & Inflation Hedges

12% Credit

1% Overlay & Hedges

1% Other Assets

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website

How technology is enabling better investments

Asset owners are increasingly looking to technology to more effectively manage complex multi-asset portfolios, enhance returns and better inform risk management decisions. Top1000funds.com looks at how technology is being used by asset owners including LACERA and REST, and the insights of BCIMCo's chief technology officer, Tony Payne.