July 23, 2012


To All Interested Parties:

Re: Active Equities Emerging Markets Manager Search

The Los Angeles City Employees' Retirement System (LACERS) administers an investment portfolio with approximately $10.5 billion in assets. In this search, LACERS is seeking qualified investment management firms to actively manage a total of $664 million in one or more of three long-only, publicly traded emerging markets equity investment strategies as follows: Core emerging markets ($158 M), Value emrging markets and Growth emerging markets ($253 M, respectively). The strategies must be benchmarked against one of the three following indices: MSCI Emerging Markets Index, MSCI Emerging Markets Value Index or the MSCI Emerging Markets Growth Index

The search document, which details the minimum qualifications each respondent must meet in order to be considered, as well as the required City forms, are available on LACERS.org at http://www.lacers.org/aboutlacers/request-for-proposals/index.html  or the website of LACERS General Fund Consultant, Wilshire Associates, at http://www.wilshire.com/InvestmentConsulting/ManagerSearch.aspx.

Questions & Answers are posted at:

• http://www.wilshire.com/InvestmentConsulting/
  ManagerSearch.aspx

Proposals are to be completed and submitted pursuant to the search document by the deadline indicated below. 

Proposal Submittal Deadline

The deadline for submitting proposals:	5:00 P.M (PDT) on Monday, August 13, 2012
Additional schedule information:
Written Questions Submission by email:	July 27, 2012 - 3:00 P.M. PDT
Response to Written Questions posted on Wilshire’s website:	August 1, 2012

We invite and look forward to your participation in this search.


Sincerely,

Thomas Moutes
General Manager