General Manager's Desk
News from the General Manager’s Desk
LACERS Reports Preliminary 1.1% Investment Return for Fiscal Year 2019-20
Fiscal Year 2019-20, as you can imagine, was a year of uncertainties for investments. With the economy stalled due to the COVID-19 pandemic, LACERS ended the fiscal year with a slightly positive return thanks to an investment policy and asset allocation that is designed to withstand volatility and fluctuations in the market through a diversified portfolio that includes U.S. Equity, Non-U.S. Equity, Core Fixed Income, Credit Opportunities, Private Equity, Public Real Assets, Real Estate, and Cash asset classes.
News from the General Manager’s Desk
New Website, New Separation Incentive Programs, and a New Fiscal Year
Happy New Fiscal Year! First off, I want to thank you for your patience during what has been a challenging first half of 2020. The COVID-19 pandemic has affected all of our lives in profound ways, requiring social distancing and fundamental changes in how we eat, shop and work. Our economy has also suffered, with record high unemployment and continuing struggles for many of our small and local businesses.