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LOS ANGELES COUNTY EMPLOYEES' RETIREMENT ASSOCIATION 300 N. Lake Avenue Pasadena, CA 91101-4199 (626) 564-6000 FAX (626) 564-6110 www.lacera.com
BOARD OF RETIREMENT MEETING: First Wednesday of Each Month, 9:00 a.m. (Disability) Thursday following the first Board of Investments Meeting, 9:00 a.m. (Administrative) BOARD OF INVESTMENTS MEETING: Second Wednesday of Each Month, 9:00 a.m. FISCAL YEAR: July 1 to June 30 CEO: Gregg Rademacher
SYSTEM TRUSTEES
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BOARD OF RETIREMENT
Les Robbins, CH Simon S. Russin, V CH Yves Chery, SEC Mark J. Saladino, TREAS William Pryor William de la Garza Ed Blecksmith Ed C. Morris (Alt.)
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BOARD OF INVESTMENTS
Herman B. Santos , CH John M. Barger, V CH Diane A. Sandoval, SEC Mark J. Saladino, TREAS Simon S. Russin Leonard Unger William Pryor Michael Schneider Estevan (Steve) Valenzuela
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| ASSISTANT TO CEO: |
Robert Hill & Janice Golden |
| SECRETARY TO CEO: |
Norma Minjares |
| CHIEF INVESTMENT OFFICER: |
Vacant |
| ACTUARY: |
Milliman USA |
| COUNTY COUNSEL: |
Robert S. Van Der Volgen Jr. |
| ATTORNEY: |
N/A |
| AUDITOR: |
Brown Armstrong & The Segal Company |
| CUSTODIAN: |
BNY Mellon Asset Servicing |
| PENSION CONSULTANT: |
Credit Suisse Securities, The Townsend Group, Wilshire Associates |
| ACTIVE PARTICIPANTS: |
93,651 |
| BENEFIT PARTICIPANTS: |
54,400 |
| SOCIAL SECURITY: |
No General: 80,804 Safety: 12,847
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| FUND BALANCE: |
$39.2 Billion (Market) As of 6/30/11 |
Investment Counsel
ALL EQUITIES
Large Cap Delta Asset Management INTECH Investment Mgmt., Inc. Relational Investors, LLC Twin Capital Mgmt., Inc.
Mid/Small Cap Cramer Rosethal McGlynn, LLC Eagle Asset Management, Inc. Frontier Capital Management, LLC Stinson Capital Partners Westwood Mgmt. Corp.
Emerging Managers of Managers The Northern Trust Company of Connecticut FIS Group, Inc.
International Acadian Asset Mgmt., LLC Batterymarch Financial Management, Inc. BlackRock Institutional Trust Capital Guardian Trust Company Emerging Markets Growth Fund Capital Guardian Trust Company, Intl. Equity Fund Europe Alpha Tilts Fund GAM International Mgmt., LLP Genesis Investment Management, LLP
Passive Manager BlackRock Institutional Trust Company Total All Equity Assets: $16.73 Billion
FIXED INCOME
Core BlackRock Financial Mgmt., Inc. Dodge & Cox Pugh Capital Management, Inc. Wells Capital Management
Core Plus Dolan McEniry Capital Management, LLC Goldman Sachs Asset Mgmt., LP GW Capital, Inc. LM Capital Group Loomis, Sayles & Co., LP Pacific Investment Management Company (PIMCO) Principal Global Investors, LLC Western Asset Management Co.
Opportunistic Brigade Capital Management, LLC Harch Capital Management, LLC Oaktree Capital Management Post Advisory Group PENN Capital Management Western Asset Management Company
Short-Term Investment Fund Manager Western Asset Management Company
Passive (Index Fund) Manager Barclays Global Investors, N.A. Total Fixed Income Assets: $9.3 Billion
REAL ESTATE AIG Global Real Estate Capri/Capital Advisors, LLC CB Richard Ellis Cityview Cornerstone Real Estate Advisors (Chief III) Emmes Asset Management Co., LLC Europa Capital European Investors ING Real Estate Invesco Institutional (N.A.) Inc. LaSalle Investment Mgmt., Inc. Phoenix Realty Group, LLC RREEF America, LLC Starwood Capital Group Global The Carlyle Group Tri Pacific Enterprises Residential Advisors (Lowe) Trecap Partners LLC Total Real Estate Assets: $2.93 Billion
OTHER
1818 Fund
Accel Partners
Adams Street
Alchemy Investment Plan
Alta California Partners
Apax Europe
Apollo Investment
Aurora Equity Partners
Austin Ventures
Beacon Group
Behrman Capital
Berkshire Partners
Bertram Growth Capital
Blackstone Capital Partners
Bruckman Rosser Sherrill & Co.
Canaan Partners
Candover Investments
Cardinal Health Partners
Carlyle Partners
Centerbridge Capital Partners
Clearstone Ventures Partners
Code, Hennessy & Simmons
Columbia Capital Equity Partners
CVC Europe
Cypress Merchant Banking Partners
DLJ Merchant Banking Partners
Draper Fisher Jurvetson Fund
Excellere Partners
Exponent Private Equity Partners
Falcon Mezzanine Partners
First Reserve
Forward Ventures
Gateway Private Equity Fund
Geocapital
GS Capital Partners
GTB Capital Partners
GTCR
Halpern Denny
Harborvest International Private Equity Partners
Hellman & Friedman Capital Partners
Infinity Capital
Insight Ventures
Intersouth Partners
Invesco
JMI Equity
JPMorgan EMP
Kelso Investment Associates
KKR
Kleiner Perkins Caufiled & Byers
Kline Hawkes
Knightsbridge Advisors
Kohlberg Investors
Landmark Equity Partners
Levine Leichtman Capital P
Lexington Capital Partners
Lightspeed Ventures
Lindsay Goldberg & Besse
M/C Ventures
Madison Dearborn Capital P
McCown De Leeuw & Co.
Mediphase Ventures
Menlo Ventures
Merit Capital Partners
Montagu Private Equity
Morgan Stanley Venture Part
Nordic Capital
Investment Partners
Oaktree Capital Mgmt.
Olympus Growth Fund
Onex Partners
Oxford Bioscience Partners
Permira Europe
Phoenix Equity Partners
Prospect Venture Partners
Providence Equity Partners
Quad-C Partners
Questor Partners
Redpoint Venture
Resolute Fund
Ripplewood Partners
RLH Investors
RSTW Partners
Sevin Rosen
Sierra Ventures
Silver Lake Partners
Solera Partners
Southvest Fund
Spectrum Equity Investors
Sprout Capital
Summit Partners
Syndicated Communications
TA Associates
Technology Crossover Vent
TH Lee Putnam
TH Lee Equity
TPG Partners
Union Square Ventures
Vestar Equity Partners
Vista Equity Partners
Wayzata Opportunities Fund
Welsh, Carson, Anderson &
Weston Presidio Capital
Worldview Technology Partners
Weston Presidio Capital
Worldview Technology Partners
Total Private Equity: $3.3 Billion
Commodities Neuberger Berman Alternative Fund Mgmt. LLC Pacific Investment Management Company Total Commodities: $519 Million
Total Other Assets: $3.33 Billion
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