In recent months, the $18.3 billion Los Angeles Water and Power Employees Retirement Plan has made new commitments to alternative investments totaling $225 million that include real estate, asset-backed, and opportunistic investment strategies, according to memos from Retirement Plan Manager Linda Lee that were delivered to the plan’s board at its meeting last week.
The board has of late approved up to $187 million from its $15.5 billion Retirement Fund (RF) and up to $38 million from its $2.8 billion Retiree Health Benefits Fund (RHBF) for the new allocations.
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