Los Angeles City Employees Retirement System
The Los Angeles City Employees Retirement System (LACERS) believes in the the utilization of emerging managers. The $22 billion fund created an emerging managers program in 2012 to expand the fund’s ability to add value to the portfolio by hiring underrepresented managers. Rodney June is LACERS’ Chief Investment Officer for the fund. He leads the fund’s investment activities and manages all investment advisor, general partner, consultant, and custodian relationships and is responsible for performance evaluation, vendor selection, investment policy, investment strategy development and implementation. He was previously the Chief Investment Officer of the State of Hawaii Employees’ Retirement System overseeing an $11 billion portfolio. The LACERS board has been intentional about its desire to continue to expand access to minority managers.