LA pension adds LGBT to emerging manager criteria

People wave flags as they take part in the 43rd annual LA LGBT Pride Parade in West Hollywood, California June 9, 2013. The parade celebrates the lesbian, gay, bisexual and transgender (LGBT) communities in Los Angeles. REUTERS/Patrick T. Fallon (UNITED STATES - Tags: SOCIETY) - RTX10HWV
  • LA Fire and Police Pension expects other LPs to follow lead
  • LAFPP also adds GPs who are disabled veterans to mandate
  • “First time I have ever seen this,” says one LP advisor
The Los Angeles Fire and Police Pensions will expand its private equity emerging manager program to include funds owned and managed by lesbian, gay, bisexual and transgender (LGBT) investment professionals. The expansion marks the first time the program included LGBT ...

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