US - Sally Choi, general manager of the 43,000-member Los Angeles City Employees' Retirement System, will leave October. 15 to "pursue other opportunities", the fund said.
The $9bn pension plan for the city's civilian employees, known as Lacers, lost $700m, or 5.7%, in the quarter ending in June compared with the preceding period, bringing its one-year return to 12.9...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
