LA Fire Looking to Add Core Fixed Income Manager

The Los Angeles Police and Fire Pension System is considering adding a new active core fixed income manager.

Staff and consultant, RVK, reviewed the Fixed Income structure at the March 7 meeting. 

After a review of the current structure, RVK suggested a number of potential changes including reducing the TIPS target from 20% to 16%, increasing global credit weight, increasing funding to successful emerging managers, in addition to adding a new active core manager.

The total fixed income target for LAFPP is 22%.

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