Los Angeles heavyweight Mike Gatto is back in the game, scoring a spot on the Board of Investments for the Los Angeles County Employees' Retirement Association (LACERA). Gatto, a former assembly member, has been appointed by county supervisor Janice Hahn, bringing his seasoned legislative and financial prowess to manage the whopping $75 billion in retirement funds.

"I take that responsibility very seriously, and thank the Board of Supervisors for its trust in me,” Gatto said, rolling up his sleeves for the hefty task of ensuring safe, robust returns for retirees, according to official statements. His track record is nothing to scoff at, having advised a variety of companies on investment decisions, and he serves on the board managing the A-Mark Foundation’s endowment.

Los Angeles citizens might remember Gatto from his four-term stint in the California State Assembly. There, he led the charge as chair of the Appropriations Committee and was a key player on the Banking & Finance Committee for seven years. He's got a flair for innovative legislation, like his brainchild, California's Rainy Day Fund, aimed at cushioning state revenue against economic storms.

Hahn's buzzing about the new addition to LACERA, "Mike is a true public servant. He went to Sacramento to work for his community, and now we’re lucky to have his help to steward the investments that will set up our LA County employees for the healthy retirement funds they deserve." With such a big pot to stir, Gatto's calculative acumen might be just what the doctor ordered for securing retiree futures in La La Land.

The prowess behind LACERA's investment strategies doesn't rest on Gatto's shoulders alone. The nine-member Board of Investments, including him, is the brain trust responsible for the smart moves that'll grow the Fund. Serving around 188,000 members, LACERA's got the muscle as the largest county retirement system in the States, making every move on Wall Street a nail-biter for those with a stake in the game.