The Los Angeles Police and Fire Pension System is considering adding a new active core fixed income manager.
Staff and consultant, RVK, reviewed the Fixed Income structure at the March 7 meeting.
After a review of the current structure, RVK suggested a number of potential changes including reducing the TIPS target from 20% to 16%, increasing global credit weight, increasing funding to successful emerging managers, in addition to adding a new active core manager.
The total fixed income target for LAFPP is 22%.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
