CalPERS Allocates $3.2B To 130/30 Strategies

Aug 7 2007 | 12:21pm ET

The California Public Employees’ Retirement System, the nation’s largest public pension fund, recently made big allocations to three of five managers in its spring-fed pool system for its 130/30 "relaxed long-only" program.

According to spokesman Clark McKinley, allocations totaling $3.2 billion were made to Quantitative Management Associates ($1.3 billion), which shifted their existing long-only portfolio to long-sort, and about $2 billion total to Analytic Investors and State Street Global Advisors in stocks shifted from one of its $30 billion passive index fund accounts, based on desired stocks identified by the managers.

The other two managers in the pool, First Quadrant and Goldman Sachs, remained in the pool although they received no allocations. “This does not mean they won't get allocations in the future,” said McKinley.

CalPERS’ pension fund currently manages $243 billion in assets.


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