Los Angeles Pension Fund Seeks New Investment Chief
The fund manages $29.2 billion in assets and is searching for a leader to guide its long-term investment strategy.
Updated on Oct. 29, 2026 in Investing
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The Los Angeles City Employees' Retirement System (LACERS) has launched a search for a new chief investment officer to lead its $29.2 billion investment portfolio. This vacancy follows the July 2026 retirement of long-time executive Rodney June.
Why it matters
As the fund manages billions in retirement assets for city workers, the selection of new leadership is critical to maintaining the continuity of its investment program and the execution of its long-term asset allocation strategy.
The pension fund oversees $29.2 billion in total assets as of August 31, 2026. The search aims to fill a role held by its previous leader for 14 years before his retirement in July 2026.
The players
Los Angeles City Employees' Retirement System
A public pension fund that manages retirement assets for city employees.
Rodney June
The former chief investment officer who served the retirement system for 14 years.
The details
The search process is part of a broader investment leadership transition plan enacted in May 2026 to ensure stable management of the fund's assets. By seeking a new chief investment officer, the system aims to finalize the transition and ensure consistent oversight of its portfolio implementation. This leadership change is a standard component of the system's ongoing policy to maintain institutional continuity for its beneficiaries.
Timeline
May 2026: LACERS enacted an investment leadership transition plan.
July 2026: Rodney June retired from his role.
August 31, 2026: LACERS assets under management reported.
October 27, 2026: Search for new chief investment officer published.
Money Landscape
This leadership search follows a transition plan adopted in May 2026 to manage the institutional shift in a $29.2 billion fund. It marks a significant change for the system after 14 years of tenure by the prior executive.
The search for new leadership does not change current pension payouts or individual benefit structures for city employees. Readers should monitor future fund reports to track how new leadership may influence the long-term asset allocation of their retirement savings.
The takeaway
Pension fund leadership changes are part of normal institutional transitions designed to keep large asset pools stable over decades. Beneficiaries should continue to review their annual statements and stay informed about fund performance through the official system communications.
Further reading
For more on managing retirement portfolios and fund strategies, visit the Investing section.
Source note: This article includes information reported by Institutional Real Estate, Inc..
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