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Multi-Strategy Real Assets 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)

July 7, 2014

To All Interested Parties:

The Los Angeles City Employees’ Retirement System (LACERS) administers an investment portfolio with approximately $13.9 billion in assets. LACERS is seeking one or more qualified investment management firms to actively manage up to $68 million in a multi-strategy real assets investment strategy. The proposed strategy must currently be benchmarked against one of the following indices: CPI, Barclays U.S. TIPS, or a custom real assets product benchmark.  If the proposed strategy benchmark is a custom real assets benchmark, it must contain static exposure weightings to, at minimum, the following asset classes:  Inflation-linked bonds, REITS, and commodities.

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.

Proposal Submittal Deadline:

The deadline for submitting proposals: 5:00 P.M. (PDT) on Thursday, August 7, 2014

Additional schedule information:
Written Questions Submission by email: 5:00 P.M. (PDT) on Monday, July 14, 2014
Response to Written Questions posted on Wilshire's website: Monday, July 21, 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 ‘Multi-Strategy Real Assets Mandate Search’ appearing in the subject line, prior to 5:00 P.M., Pacific Daylight Time, on Monday, July 14, 2014.

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


Thomas Moutes
General Manager