LAFPP Investments Update – CIO Ray Joseph Resigns
Los Angeles Fire and Police Pensions (LAFPP) Chief Investment Officer (CIO) Mr. Ray Joseph has resigned for personal reasons, effective immediately. General Manager Raymond Ciranna stated that plans to fill the CIO are currently being developed.
In the meantime, Mr. Ciranna will fulfill the day-to-day responsibilities of the position until a replacement is appointed.
LAFPP oversees the pension fund for the sworn members of City of Los Angeles Fire, Police, Airport and Port departments. The fund is currently valued at over $29 billion in assets and serves nearly 27,000 members and beneficiaries.