The $94 billion LACERA has been warned that expected returns across major asset classes in its portfolio will shrink over the long-term as it gears up for an asset allocation review in 2027. In a recent board meeting, chief investment officer Jonathan Grabel highlighted several investment dynamics the fund is keeping an eye on.
In an interview with Top1000funds.com, Los Angeles County Employees Retirement Association CIO John Grabel explains how the fund's deeply ingrained investment processes guide the pension fund through times of uncertainty.
Rebalancing back to asset class strategic ranges after a market rise or fall is one of the most vital seams of strategy at the $70.1 billion LACERA. It ensures the investment team remain consistent with investment policy statements, don’t try and time the market and avoid behavioural biases according to CIO Jonathan Grabel who calls is “the best long-term strategy we have”.
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.
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