US - Sally Choi, general manager of the 43,000-member Los Angeles City Employees' Retirement System, will leave October. 15 to "pursue other opportunities", the fund said.
The $9bn pension plan for the city's civilian employees, known as Lacers, lost $700m, or 5.7%, in the quarter ending in June compared with the preceding period, bringing its one-year return to 12.9...
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