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Active U.S. High Yield Bond Mandates Search

Search Document (PDF Document)
Search Document (Word Document)
Exhibit 2 (Word Document)
Exhibit 3 (PDF Document
Exhibit 4 (PDF Document)

June 11, 2012

To All Interested Parties:

Re: Active U.S. High Yield Bond Mandates Search

Questions & Answers are posted at:

The Los Angeles City Employees’ Retirement System (LACERS), a $10.5 billion public pension fund, seeks proposals from qualified investment management firms to actively manage a long-only high yield fixed income investment strategy that invests at least 85% of the assets in publicly traded corporate debt securities rated below investment grade, at least 75% of the assets in U.S. domiciled companies, and is benchmarked against one of the Citigroup, Merrill Lynch or Barclays Capital U.S. high yield bond market or issuer constrained indices.  Proposers must meet the minimum qualifications and comply with the instructions contained in the document setting forth the search parameters.

The search document is available at:

Proposals are to be completed and submitted pursuant to the search document by the deadline indicated below.   

Proposal Submittal Deadline

Due Date:   

Monday, July 9, 2012 – 5:00 P.M. Pacific Standard Time.

Submittals received after the deadline will NOT be considered.

Finalist candidates may be requested to submit additional copies of their proposal. Should you have any questions regarding the search parameters, please email them to mgrsearch.neill@wilshire.com, with the name of your firm along with the phrase ‘Active U.S. High Yield Bond Mandates Search’, appearing in the subject line, prior to 3:00 P.M., Pacific Standard Time, on Wednesday, June 18, 2012.

We invite and look forward to your participation in this search.


Thomas Moutes
General Manager