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Active Long-only Commodities Mandate Search RFP

RFP Documents:
Search Document (Word Format)
Exhibit 2 - Questionnaire (Word Format)
Exhibit 3 - General Conditions (PDF Format)
Exhibit 4 - Sample Contract (PDF Format)

April 14, 2014

To All Interested Parties:

The Los Angeles City Employees’ Retirement System (LACERS) administers an investment portfolio with approximately $13.5 billion in assets. LACERS is seeking one or more qualified investment management firms to actively manage approximately $135 million in a long-only commodities strategy. The proposed strategy must currently be benchmarked against one of the following indices: S&P GSCI Total Index or Dow Jones UBS Commodity Index.

Emerging Managers (as defined by LACERS Emerging Investment Manager Policy) are encouraged to participate in this manager search, subject to LACERS investment policies (includes the LACERS Emerging Investment Manager Policy) and any provisions specifically stated in the search document that pertain only to Emerging Managers.

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 available on LACERS website: lacers.org and at the website of LACERS General Fund Consultant, Wilshire Associates:  http://www.wilshire.com/investment-consulting/manager-research/manager-search

Questions and Answers Posted 04/30/14 NEW

Proposal Submittal Deadline:

The deadline for submitting proposals: 5:00 P.M (PDT) on Wednesday, May 14, 2014

Additional schedule information:
Written Questions Submission by email: April 21, 2014; 5:00 P.M. PDT
Response to Written Questions posted on Wilshire's website: April 30, 2014

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 Long-only Commodities Mandate Search’ appearing in the subject line, prior to 5:00 P.M., Pacific Daylight Time, on Monday, April 21, 2014.

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


Thomas Moutes
General Manager