Government Contract | California

Bid Information

Bid Alert No: 00000576113


Agency Bid No. Title: Not Stated

Received Date: 05/23/2016

Close Date: 06/27/2016

Purchase Type: 3 year term

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 05/23/2016 05:00 PM


Specifications include, but are not limited to: Assign the most senior level personnel to LACERS account. A primary, a secondary, and a primary back-up will make up the team assigned to LACERS account. The primary must have no less than 10 years of total experience with a Public Defined Benefits Plan (DB Plan) and at least 5 years of experience as a primary consultant for a DB Plan. Both the secondary and primary back-up must have no less than 5 years of experience with a DB Plan.1.2 Review, analysis, and recommendations on investment policies and issues;1.3. Assist in the implementation of the Boards policy actions, decisions, or instructions;1.4. Analysis of investment strategies, including, but not limited to, market trends and individual investment opportunities;1.5. Review and analysis of all asset classes or investment programs strategic and annual plans;1.6. Provide technical advice primarily on all public asset types (LACERS retains separate Private Equity and Private Real Estate consultants);1.7. Review of current asset allocation plan annually and analysis of financial condition of the Fund, i.e., benefit payments versus contributions, trends in assets, liabilities, and funded liquidity;1.8. Analysis of and recommendations on asset allocation strategies, inclusive of asset allocation targets, minimum and maximum ranges for major asset classes & strategies;1.9. Develop risk budgets on a total fund, asset class, and strategy level and assess individual asset risk levels over various time periods;1.10. Investment manager due diligence during manager selection and On Watch periods, which includes but is not limited to manager monitoring, on-site visits (approximately 4-6 times per year at consultants own expense), and performance reviews;1.11. Provide research reports on investment concepts and markets;1.12. Provide training to staff and workshops to the Board on investment topics covered within the scope of maintaining a prudent investment portfolio, as requested;1.13. Attend and remain for the entirety of all Board and appropriate Committee meetings (Board and most committee meetings meet on the 2nd and the 4th Tuesdays of each month; Committees may also meet on an ad-hoc basis);1.14. Available at any time to answer ad-hoc questions, either by phone or by email;1.15. Advise on all other relevant matters pertaining to the prudent and optimal management of the portfolio as needed

Product Code: 94645

Agency Information

Issuing Agency: Los Angeles City Employees Retirement System (LACERS)

State: California

Agency Type: State and Local

Contact: 202 West First Street, Suite 500, Los Angeles, California, 90012



FREE Market Analysis

Get a FREE 90-Day Market Analysis and see the bids you’ve been missing