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Taking a peek inside Los Angeles's $60B pension fund

Taking a peek inside Los Angeles's $60B pension fund

  • TV-G
  • 2019
  • 4mins
Jonathan Grabel CIO of the Los Angeles County Employees Retirement Association (LACERA) talks with Bloomberg's Lisa Abramowicz on Bloomberg Money Undercover about the allocation to private assets in pension funds fees and how low rates affect their strategy. As of August LACERA's pension fund totaled $58.4B and the Other Postemployment Benefits Trust amounted to $1.2B. LACERA has approximately 170000 members.