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The plans terminated an international value equity manager, which had been on watch, and hired a record keeper and custodian last week.
AIG Retirement Services currently serves as the plan’s record keeper.
Authority is searching for a firm to oversee its $600 million portfolio.
He will oversee the firm’s non-investment functions.
The new managing directors will focus on tech-enabled consumer and software verticals.
Rodney June has served as cio at the Los Angeles City Employees’ Retirement System since 2012. He took the time to reflect and answer 5 questions from FIN News.
The plan will interview two firms next month to handle nearly $200 million.
The firm had been on watch since August 2021 due to underperformance.
Plan is seeking a firm to provide record keeping, plan administration and participant services.