CLOSED
REQUEST FOR PROPOSAL - ACTIVE DOMESTIC SMID CAP CORE EQUITY INVESTMENT MANAGEMENT SERVICES
The Los Angeles County Employees Retirement Association (LACERA), a $40.0 billion public fund, is evaluating the capabilities of investment management firms which offer portfolio management services for active domestic small/mid cap core equity strategies. LACERA’s Board of Investments has established the following minimum qualifications for this evaluation:

MINIMUM QUALIFICATIONS
(All returns must be verifiable. Managers with unverifiable returns will be disqualified.)

• As of March 31, 2008, the investment manager must have minimum of $600 million in total assets under management in the proposed product;
• The investment manager’s active domestic small/mid cap core equity product must have at minimum a three-year performance history as of March 31, 2008; and
• At least sixty percent (60%) of the manager’s quarterly rolling one-year excess returns over the last three years ended March 31, 2008 (9 observations) must exceed the Russell 2500 Index by at least 100 basis points.

SUBMISSION OF PROPOSALS
If your firm meets these minimum requirements and is interested in participating in this evaluation, please submit six (6) copies, spiral bound (no hard binders or marketing materials) of your written response (maximum 45 pages, 12 font size), and one (1) copy using Microsoft Word (a version compatible with MS Word 97), on a CD-R (recordable compact disc) to:

Mr. Dale Johnson
Senior Investment Analyst – Equities
LACERA
300 North Lake Avenue, Suite 850
Pasadena, CA 91101

DEADLINE
Completed responses must be received no later than 3:00 p.m. (Pacific Time), July 11, 2008. Responses received after the specified deadline may be considered for evaluation solely at the discretion of LACERA.

ADDITIONAL INFORMATION
Please note that during this evaluation process LACERA staff will, respectfully, not answer any questions related to the RFP. If a question appears unclear to you, please state your interpretation of the question and answer it accordingly. Additionally, respondents are requested not to contact LACERA personnel for meetings, conferences, or discussions related to this RFP.

RFP - Active Domestic SMID Cap Core Equity Investment Management Services

Thank you for your interest in providing active domestic small/mid cap core equity management services to LACERA.

7/14/08