CalPERS Hires Three Advisors For Emerging HF Manager Program

Mar 22 2007 | 11:13am ET

The California Public Employees’ Retirement System’s absolute return strategies advisory board last month hired three advisors to help construct customized portfolios comprised of emerging hedge fund managers.

CalPERS, the nation’s largest public pension fund, committed a total of $350 million to Pacific Alternative Asset Management Company, 47°N Capital Management and The Rock Creek Group, all of which feature predominantly female ownership. Additional allocations are dependent upon the advisors exceeding the absolute return target. Funding for the new mandates will come from the system’s passively-managed global equity assets.

The newly-hired advisors will work with incumbent consultant Mosaic Investment Advisors to develop an emerging manager program that “provides capital and serves as a resource to assist the emerging funds with navigating the institutional marketplace,” according to CalPERS.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of