Los Angeles Retirement System Seeks New Investment Chief
The city pension fund is searching for a leader to manage its $29.2 billion portfolio following a recent retirement.
Updated on Oct. 29, 2026 in Investing
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The Los Angeles City Employees' Retirement System has officially opened a search for a new chief investment officer. This leadership transition follows the retirement of long-time official Rodney June, who stepped down in July 2026 after nearly 14 years in the role.
Why it matters
The search is a key step in a formal transition plan enacted in May 2026 to ensure the continuity of the fund's investment program. The incoming leader will be responsible for the implementation of the pension system's asset allocation policy for the $29.2 billion fund.
The Los Angeles City Employees' Retirement System oversees a total of $29.2 billion in assets. The vacancy follows a nearly 14-year tenure by the previous chief investment officer.
The players
Los Angeles City Employees' Retirement System
This is the city agency responsible for managing the retirement assets for Los Angeles municipal employees.
Rodney June
He is the former chief investment officer who managed the pension fund's investment strategies for nearly 14 years.
The details
The search for a new chief investment officer was formally published on October 27, 2026, to fill the vacancy created earlier this year. This recruitment effort is part of a broader leadership transition strategy designed to maintain stability across the pension fund's investment operations.
Timeline
May 2026: LACERS enacted an investment leadership transition plan.
July 2026: Rodney June retired from his role as chief investment officer.
August 31, 2026: The fund reported its total assets under management.
October 27, 2026: The official search for a new chief investment officer was published.
Market Landscape
The search for a new CIO marks a pivotal moment in ensuring the ongoing implementation of the Los Angeles City Employees' Retirement System asset allocation policy. This transition reflects standard institutional efforts to maintain stability within the competitive landscape of public pension management.
This leadership change is designed to ensure the stability of the pension fund's investment performance over the long term. Retirees and municipal employees should see no immediate impact on their benefits as the organization continues to follow its established asset allocation policy.
The takeaway
Pension fund leadership transitions are carefully managed processes intended to protect the interests of beneficiaries through institutional continuity. Readers following city financial health should monitor future announcements regarding the permanent appointment to this leadership role.
Further reading
For more on how local pension funds manage capital, read the latest updates in Los Angeles Investing.
Source note: This article includes information reported by Institutional Real Estate, Inc..
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