LAFPP Hits $17 Billion!
For the first time in LAFPP history, the Fund’s total assets
reached an unaudited market value in excess of $17 billion
dollars on October 15, 2013. This increase, up from the June 30,
2013 value of $15.75 billion, confirms that we are making great
progress on rebuilding our portfolio after the losses sustained
in the 2008-09 Great Recession.
As highlighted in the October 2, 2013 report on the Fund’s
investment return, the market gain was fueled by the strong
performance in the domestic and international equity markets. The
real estate investments continue to show promising returns as
well.
LAFPP is one of the largest public safety pension funds in the
country, administering retirement benefits for more than 25,000
active and retired sworn employees of the City of Los Angeles.
More information is available at About LAFPP.