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Los Angeles City Employees’ Retirement System: U.S. Small Cap Equities Mandate Search

Posted on: February 25, 2019

The Los Angeles City Employees’ Retirement System (LACERS) administers an investment portfolio with approximately $17.1 billion in assets. LACERS seeks qualified investment management firms to actively manage up to approximately $648 million in one or more of the following long-only, publicly-traded U.S. Small Cap Equities investment strategies: Small Cap Core Equities, Small Cap Growth Equities, and Small Cap Value Equities.. Proposed strategies must be benchmarked to the Russell 2000 Index, Russell 2000 Growth Index, or Russell 2000 Value Index. It is LACERS intent to allocate assets across the core, growth, and value styles and to hire more than one firm. LACERS will consider separately managed accounts and fund-of-funds.

Emerging Managers (as defined by LACERS’ Emerging Investment Manager Policy) are encouraged to participate in this search, subject to LACERS investment policies (including LACERS’ Emerging Investment Manager Policy) and any provisions specifically stated in this search document that pertain only to Emerging Managers. LACERS will consider Emerging Manager mandates based on the criteria outlined in the search document.

LACERS will retain sole discretion to determine the appropriate number of managers and mandate sizes based on the aggregate pool of non-emerging and emerging manager finalists

The search document, which details the minimum qualifications each respondent must meet in order to be considered, as well as the required City forms, is attached here and is available on LACERS website: lacers.org

Proposal Submittal Deadline:

The deadline for submitting proposals: 4:00 P.M (PDT) on Friday, April 12, 2019

Additional schedule information

Written Questions Submission by email: March 8, 2019; 4:00 P.M. PST

Response to Written Questions will be posted on this page.

Submittals received after the deadline will NOT be considered.
Finalist candidates may be requested to submit additional copies of their proposal.

Please direct any questions regarding the search to LACERSRFPResponse@NEPC.com, with the name of your firm along with the phrase ‘U.S. Small Cap Equities Mandate Search’ appearing in the subject line, prior to 4:00 P.M., Pacific Standard Time, on Friday, March 8, 2019.

RFP Search Document

NEPC DDQ

Appendices

RFP Questions & Answers

Topics: Research

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