LACERA considers building in-house team for co-investing

Los Angeles County Employees’ Retirement Association, Lacera, Morgan Stanley, private equity, pension fund
Signage on the Los Angeles Times building on Feb. 6, 2018. REUTERS/Mario Anzuoni
Los Angeles Country Employees’ Retirement Association is evaluating a plan to more aggressively pursue co-investments, using in-house resources to replicate a current $550 million separately managed account with Morgan Stanley. LACERA, which manages $55.9 billion in assets, believes it has ...

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