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Los Angeles Deferred Compensation narrows consultant search to 3 finalists

Los Angeles Deferred Compensation narrows consultant search to 3 finalists
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Los Angeles City Deferred Comp narrows list to 2 in manager search

Los Angeles City Deferred Comp narrows list to 2 in manager search Print Invesco and incumbent Galliard Capital were named finalists in Los Angeles City Deferred Compensation Plan s search for a stable value manager. The $7.6 billion 457 plan issued an RFP in July for a firm to provide the underlying money management for the DCP Stable Value Fund, which had $1.3 billion in assets in the plan as of Sept. 30. The plan s board approved the finalists at its Dec. 15 meeting, confirmed Steven Montagna, executive director. The two managers will make presentations at the board s Jan. 19 meeting. Mr. Montagna said a selection will take place at a future meeting.

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