Request for Information (RFI) for Corporate
Governance Investing
January 11, 2005
SUBJECT: CORPORATE GOVERNANCE INVESTING
- REQUEST FOR INFORMATION
Dear Responder:
The Los Angeles City Employees' Retirement
System (LACERS), an $8.3 billion fund, seeks information from
managers actively running corporate governance investment portfolios.
Responding firms should currently and actively
manage investment portfolios where value is added to underperforming
companies using corporate governance techniques. The firm must
have a live (i.e., not simulated) performance history for at least 24
months for the period ending December 31, 2004. Managers
meeting this requirement should be available to make presentations
to, and provide consultations with, the Board on issues relating
to corporate governance investments. Consideration will be
given to minority- and women-owned firms to ensure that women
and minorities have an opportunity to participate.
The following documents will need to be completed
in order to participate in the RFI: 1. RFI questionnaire; 2.
Electronic Response Spreadsheet; 3. Affirmative Action Program
Form; 4. Vendor Child Care Policy Form; 5. Child Support Obligations
Form; and, 6. Americans with Disabilities Act Form. All documents
may be downloaded from LACERS' website at www.lacers.org.
The completed spreadsheet and your questionnaire responses
in MSWord must be received at LACERS at lacers1@mindspring.com no
later than 4:30 P.M. Pacific Standard Time, Friday, February
11, 2005. Fourteen hardcopies of the RFI responses to the questionnaire
along with the four completed City forms (one original set
only) are due by 4:30 pm, Pacific Standard Time, Friday, February
11, 2005 and sent to:
DANIEL P. GALLAGHER, CHIEF
INVESTMENT OFFICER
LOS ANGELES CITY EMPLOYEES' RETIREMENT SYSTEM
360 EAST SECOND STREET, 2nd FLOOR
LOS ANGELES, CA 90012-4207
ATTENTION: CORPORATE GOVERNANCE INVESTING
IT IS THE
RESPONSIBILITY OF THE RESPONDER TO VERIFY WITH LACERS THAT THE
ELECTRONIC AND HARDCOPY RESPONSES ARE RECEIVED BY THE APPLICABLE
DEADLINES. FACSIMILE COPIES WILL NOT BE ACCEPTED. RECEIPT OF
THE EMAILED COPY AND THE HARDCOPY IN THE REQUESTED FORMAT ALONG
WITH THE FOUR COMPLETED CITY FORMS BY THE RESPECTIVE DEADLINES
ARE REQUIRED IN ORDER TO BE CONSIDERED RESPONSIVE TO THIS REQUEST
FOR INFORMATION.
Firms responding to the RFI may be requested
to submit additional copies of their responses. Any questions
should be directed to Dan Gallagher at (213) 473-7124 or e-mailed
to: lacers1@mindspring.com
Sincerely,
Robert Aguallo, Jr., General Manager
Los Angeles City Employees' Retirement System
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