LACERA Hires Two Managers for Emerging Manager Program

The Los Angeles County Employees’ Retirement Association has hired NewAlpha Asset Management and Leading Edge Investment Advisors as to implement an emerging manager program in global equity.

The RFP for global equity emerging separate account managers was issued in May 2022. 

According meeting materials from the October 12 board meeting, other search respondents included Attucks, Bivium, Stable Asset Management, and Xponance.

It was also recommended at the meeting to increase the global equity emerging manager program range from 0-5% to 0-10%. This will allow for larger allocations to differentiated strategies and move the current global equity active manager weight closer to the target of 25%.

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