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RFP: CASH OVERLAY MANAGER SERVICES

The Los Angeles County Employees Retirement Association ("LACERA") is requesting proposals from qualified firms interested in providing cash overlay manager services. The purpose of this RFP is to select one or more cash overlay investment managers to provide a passive component and the possibility of an active component. Responses to this RFP could be for one or both services. The specific services requested via this Request for Proposal (“RFP”) are contained in Section II, Scope of Services.

Submission Requirements

The completed proposal (email and hard copies) must be delivered by 3:00 PM, PST, Friday, December 14, 2018. Any proposal delivered after the proposal deadline will not be considered. Faxed transmissions are not acceptable. The email transmission and an original (unbound) and one copy (bound) of the completed proposal are to be sent to the attention of:

  • Mr. Jude Pèrez
  • Principal Investment Officer
  • LACERA
  • 300 North Lake Avenue, Suite 850
  • Pasadena, CA 91101
  • overlaysearch@lacera.com

Also send one electronic copy marked “REDACTED.” The redacted copy should exclude all material from your proposal that you believe in good faith is exempt from disclosure under the California Public Records Act (Cal. Gov. Code Sections 6250 et seq.) (described in Section VI of this RFP). Redactions should appear as blacked out material or blank page(s) with the word “REDACTED” or “PROPRIETARY” inserted.

Deadline for RFP Response

The completed proposal (email and hard copies) must be delivered by 3:00 PM, PST, Friday, December 14, 2018. Any proposal delivered after the proposal deadline will not be considered. Faxed transmissions are not acceptable.

Questions Relating to this RFP

All questions, inquiries, and requests for additional information concerning this RFP should be received no later than 3:00 PM, PST, Friday, November 23, 2018 and should be e-mailed to (overlaysearch@lacera.com). All questions received and responses thereto will be posted on LACERA’s website (www.lacera.com) under the "RFP Opportunities" section on or about 3:00 PM PDT, Friday, November 30, 2018.
UPDATED 11-29-18: PDF icon LACERA Responses to Written Questions

Tentative Timetable

The following is the tentative time schedule for LACERA's RFP search for Cash Overlay Manager Services.

Task Date
RFP Issued November 9, 2018
Submission — RFP Questions Deadline (Firm) November 23, 2018
Submission — Letter of Intent (Firm) November 30, 2018
LACERA Response to Written Questions November 30, 2018
Submission — RFP Response Deadline December 14, 2018
Notification of Firms Past First Round (Tentative) January 11, 2019
Notification of Advancement (Tentative) February 1, 2019
Board of Investments Interviews (Tentative) March 13, 2019
Selection Announced (Tentative) March 13, 2019

RFP MATERIALS

PDF Icon RFP: Cash Overlay Manager Services