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Los Angeles County Employees Retirement System

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CALIFORNIA | LOCAL
November 17, 1988 | VICTOR MERINA, Times Staff Writer
Called the first such foreign deal by a local government body, Los Angeles County officials signed an agreement this week to borrow the equivalent of $100 million in yen from two private lenders in Japan, county officials reported Wednesday. "This is our first borrowing in a foreign market and the first state or local government borrowing of this nature," county Chief Administrative Officer Richard B. Dixon said.
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CALIFORNIA | LOCAL
November 17, 1988 | VICTOR MERINA, Times Staff Writer
Called the first such foreign deal by a local government body, Los Angeles County officials signed an agreement this week to borrow the equivalent of $100 million in yen from two private lenders in Japan, county officials reported Wednesday. "This is our first borrowing in a foreign market and the first state or local government borrowing of this nature," county Chief Administrative Officer Richard B. Dixon said.
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CALIFORNIA | LOCAL
October 22, 2008 | Garrett Therolf
If there is trouble to be found in county finances, officials have worried it would be in the Los Angeles County Employees Retirement system -- which has some 92,000 employees paying into the program and more than 50,000 benefit recipients. But so far, years of good economic times are keeping trouble low, the system's manager said Tuesday. Since the county's contribution to the pension fund is based on the fiscal year, officials will have to wait until June to determine whether losses from the current global financial crisis will require the county to make up significant shortfalls to the $38-billion investment portfolio.
BUSINESS
June 26, 2004 | Denise Gellene, Times Staff Writer
State Insurance Commissioner John Garamendi said Friday that he wouldn't support Anthem Inc.'s $16-billion acquisition of the parent of Blue Cross of California unless the Indiana company spends hundreds of millions of dollars on healthcare programs for California's poor. At a hearing on the transaction in Los Angeles, Garamendi said that without such an investment, Anthem's purchase of Thousand Oaks-based WellPoint Health Systems Inc. offered no benefit to Californians.
REAL ESTATE
May 20, 1990 | RON GALPERIN
More tenants vacated West Los Angeles office space than moved in during the first quarter of 1990, marking the first time in more than five years that the now-overbuilt area has posted a negative absorption rate. Most local developers and brokers thought that the pricey Westside was "immune to troubles like high vacancies, overbuilding and lack of tenants that have plagued other areas," said John Carpenter, a senior vice president at Grubb & Ellis Commercial Real Estate Services.
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