Page 2 - Jonathan Grabel News Today

The SEC and others are pushing for more transparency in private markets — but pension staffers worry about the consequences.

LACERA’s Grabel and WTW’s Vodolazschi explore this wide-ranging asset category in CIO's webinar.

“The problem is the Russian stock market hasn’t opened this week,” CalSTRS CIO Chris Ailman said.

LACERA picks PineBridge for $1 billion in high yield, slates $555 million for alts Los Angeles County Employees Retirement Association, Pasadena, Calif., hired PineBridge Investments to manage $1 billion in a high-yield separate account for the $66.4 billion pension fund, according to a closed session report from its April 14 meeting. PineBridge was the only manager selected to manage the mandate following an RFP launched in July 2020, CIO Jonathan Grabel said in an email in response to questi...

In 2018, the Los Angeles County Employees Retirement Association began asking prospective asset managers about diversity.   The questionnaire — given to managers that responded to LACERA’s requests for proposals — asks for details on who implements firm diversity policies, how many confidential settlements or non-disclosure agreements are related to workplace sexual harassment or discrimination, and whether firms conduct a pay disparity analysis.   LACERA is not the only asset alloc...

Asset owners are staying on the sideline for now, awaiting the outcome of a discrimination lawsuit filed against PIMCO by female employees.

LACERA to put up $220 million into 2 alts funds Print Los Angeles County Employees Retirement Association, Pasadena, Calif., committed up to about $220 million to two alternative investment funds, the $65.5 billion pension fund reported. In closed session Wednesday, the board committed up to €100 million ($119.1 million) to Antin Mid Cap Fund I, a real assets fund focusing on middle-market opportunistic infrastructure investments mostly in Europe with some investments in North America. The fu...

Los Angeles County Employees preps private equity consultant search Print Los Angeles County Employees Retirement Association, Pasadena, Calif., plans to launch an RFP for a private equity consultant sometime before Jan. 21, said Jonathan Grabel, CIO of the $60 billion pension fund. Incumbent Stepstone Groups contract is set to expire in October. Stepstone will be invited to rebid. A selection is expected as early as September. LACERA has $7.1 billion invested in private equity and a private eq...