US - The US$9.3bn Los Angeles City Employees' Retirement System (LACERS) has tendered for a general pension fund consultant after the completion of its contract with Pension Consulting Alliance.
A LACERS spokesperson said: “Pension Consulting Alliance’s contract is at the end of a second contract cycle, so we are required by law to test the market.”
The spokesperson confirmed there had been no decision to replace the incumbent firm.
The general investment portfolio consultation services will cover various domestic and international, equity and fixed income, separate account and total fund issues.
LACERS said services would include domestic and international performance measurement, attribution analysis, formulation and modification of plan investment policy, and strategic asset allocation advice.
The deadline for submitting proposals is 23 February, 2006.
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