Los Angeles Water and Power readies $90m FoHF RFP to supplement portfolio

Mon Nov 5, 2012

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...


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