Los Angeles pension fund plans $3.7 billion allocation to credit

By Sofia Karadima

Los Angeles City Employees' Retirement System, the $17 billion pension fund, is allocating to credit in 2019 - it's looking to put $2.44 billion to work in core-fixed income, $800 million into emerging markets debt, $235 million into high yield and a similar amount into a bond/loan hybrid fund

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TAGS: Emerging markets High yield bonds Investment grade credit Leveraged loans North America Institutional investor