LOS ANGELES – The $6.5 billion Los Angeles City Employees’ Retirement System (LACERS) raised its asset allocation for alternative investments at a November board meeting to 5% from 3% and boosted its target to 7% from 4%, Chief Investment Officer Dan Gallagher said. “What we really want to have funded is 5%,” he said, which […]
OKLAHOMA CITY – The $1.1 billion Oklahoma Police Pension & Retirement System has for the first time carved out $15 million to $17 million of its assets for venture capital investing and plans to hire two or three alternative investment managers early this year. The pension issued a request for proposals for fund managers in […]