So. Calif. Pension Set For Fund Of Funds, Private Equity Searches

May 28 2010 | 8:46am ET

A California public pension fund is boosting its private equity and cutting its hedge fund allocations, setting the stage for a series of p.e. and fund of hedge funds searches.

The Kern County Employees’ Retirement Association’s new asset allocation will put 10% of its assets in private markets, which replaces a 6% allocation to p.e. It is also trimming its hedge fund allocation to 5%, down from a 6% absolute return allocation that had been invested in hedge funds, Pensions & Investments reports.

In a memo to the Kern board, Wilshire Associates’ Eileen Neill said that changes will require searches for p.e., real asset and fund of funds managers.

An implementation plan is expected to be offered by Wilshire next month. Neill said putting the new asset allocation into place could take as long as two years.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of