Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Alternative Investments > Hedge Funds

CalPERS Approves Additional Hedge Fund Allocation

Your article was successfully shared with the contacts you provided.

SACRAMENTO, Calif. (–Trustees of the California Public Employees’ Retirement System on Monday approved the allocation of an additional US$1 billion to hedge funds.

Half of the allocation is earmarked for funds of hedge funds, according to officials at the US$168 billion pension fund. The additional capital is expected to help the pension fund move more of its assets into non-traditional investment strategies that generate greater risk-adjusted returns, officials said.

The move to boost the allocation was widely anticipated (see ).

Contact Bob Keane with questions or comments at: [email protected].


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.