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Posted on: June 29, 2017, 11:03 a.m.
Los Angeles City Employees Retirement System (LACERS) plans to focus on higher-return real estate investments over the next 12 months and rebalance its existing core fund holdings. The pension fund plans to commit $100m (€87.7m) to new non-core strategies during the 2017-18 fiscal year, according to a board meeting document, while earmarking only $20m for core strategies. Full investment news articleRelevent to this post: JP Morgan Chase Morgan Stanley,