Wednesday, February 27, 2013

Calpers to Boost Allocations to Event-Driven, Macro Funds

The California Public Employees’ Retirement System plans to boost its allocations to event-driven and global macro hedge funds to help reduce the impact of fluctuations in the stock market.
The biggest U.S. pension fund aims to invest 5 percent of its hedge-fund portfolio with event-driven managers, up from zero in its current weighting, and increase investments in global macro funds to 10 percent from 2 percent, according to a presentation posted on the system’s website.
Calpers, with $254.5 billion in assets, has about 2 percent, or $5 billion, in hedge funds, according to Ed Robertiello, senior portfolio manager of the fund’s Absolute Return Strategies Program...

Read all about it at

No comments:

Post a Comment