LACERA Kicks Off Smid-Cap Search

June 23, 2008

The Los Angeles County Employees' Retirement Association (LACERA) is looking to make new hires in the active domestic smid-cap core equity arena, said Lisa Mazzocco, CIO with the $42 billion plan. She added that the search comes as a result of recent manager terminations at the plan, but declined to name those firms. However, earlier in the month the board considered terminating Mazama Capital Management from a U.S. equity mandate (See IMW, 6/2/08). According to published reports, the firm has been removed from the account.

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