LAFPP Hits $25 Billion


As of August 4, 2020, the Fund’s total assets once again reached an unaudited market value in excess of $25 billion dollars. LAFPP reached this benchmark in January 2020 just before the stock market reaction to the COVID-19 pandemic occurred. The rebound in the Plan’s market value is due to the strong recovery in the equity markets and the City’s contribution payment received in July 2020.