The Los Angeles County Employees Retirement Association (LACERA) trustees are considering some slight shifts in their alternative investment portfolios that will result in new investment categories within credit, real estate and natural resources investments.
At the April 14 investment committee meeting, officials at the $66 billion pension along with consulting firm Meketa will be eyeing three changes within its investment portfolio for 2021.
In credit, the aim is to consolidate high yield, bank loans and emerging market debt into a single new category called liquid credit that would likely total over $5 billion. The move . . .
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