LACERS Amends Securities Lending Arrangement With Northern Trust
Los Angeles City Employees Ret SysCity Department · Los Angeles, CA- Disclosed value
- LACERS historically received 85% of total revenue and Northern Trust 15%; amended to an 80%/20% split effective August 1, 2025
- From agendapacket
- Document date
- Nov 10, 2026
The 30-second brief
LACERS continued its securities lending arrangement with Northern Trust and amended the revenue split effective August 1, 2025. Under the amended arrangement, LACERS receives 80% of lending revenue and Northern Trust receives 20%.
Northern Trust holds this financial services contract with Los Angeles City Employees Ret Sys. Its other public contracts on record include work for Stamford Custodians And Mechanics Pension Fund and Sacramento Co Employees Retirement System.
Term as filed: Ongoing securities lending agreement; fee split amended effective August 1, 2025.
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Contract details
- Contract type
- Financial Services
- Amount
- LACERS historically received 85% of total revenue and Northern Trust 15%; amended to an 80%/20% split effective August 1, 2025
- Document date
- November 10, 2026
- Term
- Ongoing securities lending agreement; fee split amended effective August 1, 2025
- Vendor
- Northern Trust
- Source document
- Los Angeles City Employees Retirement System AgendaPacket Investment Committee Meeting 2026-11-10 (AgendaPacket)
Northern Trust's other public contracts
More Los Angeles City Employees Ret Sys contracts
Questions about this contract
Who was awarded the financial services contract by Los Angeles City Employees Ret Sys?
Northern Trust was awarded this financial services contract by Los Angeles City Employees Ret Sys, as recorded on November 10, 2026. The contract value is LACERS historically received 85% of total revenue and Northern Trust 15%; amended to an 80%/20% split effective August 1, 2025.
How much is the Northern Trust contract with Los Angeles City Employees Ret Sys worth?
The Northern Trust contract with Los Angeles City Employees Ret Sys is valued at LACERS historically received 85% of total revenue and Northern Trust 15%; amended to an 80%/20% split effective August 1, 2025, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Los Angeles City Employees Retirement System AgendaPacket Investment Committee Meeting 2026-11-10 (AgendaPacket), dated November 10, 2026 from Los Angeles City Employees Ret Sys. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Northern Trust hold?
Northern Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Los Angeles City Employees Ret Sys currently buying?
Explore Los Angeles City Employees Ret Sys's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.