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

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note