Despite the global challenges of the past year, LAFPP’s assets under management now exceed $30 billion. This turnaround is remarkable given the market volatility over the past year. As of June 1, 2021, the unaudited market value of the fund is over $30 billion, which is up from $22.5 billion just one year ago.  Since May 2020, assets have grown approximately 33.4% during the one-year period.

Tom Lopez, Chief Investment Officer, stated, “The investments in domestic stocks were the main driver of the significant increase. It has been a remarkable 12 months in terms of market volatility.”

“Congratulations on our retiring CIO, Tom Lopez on achieving this milestone that will pay dividends to our retirees for decades to come.” said Board President Brian Pendleton.

Although pleased with the fund’s positive performance, the Board and staff will continue to monitor your pension fund, which is invested for the long term. There is a strategic asset allocation plan in place with ongoing adjustments to manage periodic fluctuations.

We are committed to our first responders, both past and present, who protect and serve the residents of Los Angeles.  For any questions or concerns, please contact us at (213) 279-3000, (844) 88-LAFPP, or at Pensions@lafpp.com

LAFPP continues to be one of the largest public safety pension funds in the U.S. The Plan administers retirement and health subsidy benefits for nearly 27,000 current and retired public safety employees and their beneficiaries for the City of Los Angeles.