Los Angeles Department of Water and Power Employees'
Retirement Plan is upping its total absolute return investment
and will issue a request for proposal for fund of funds
managers to run roughly $90 million.
The Californian pension fund's board recently approved a
two-manager structure for absolute return, and this will see it
reconsidering the position of the incumbent, Aetos Capital,
which currently manages around $35 million for the scheme.
On the advice of the fund's consultant, PCA, the scheme will
examine the best way to structure the...