Wednesday, 1 July 2015
Last updated 5 hours ago
Oct 11 2013 | 10:37am ET
The California Public Employees' Retirement System is in the market for a managed accounts platform.
The public pension, the largest in the U.S., plans to issue a request for proposals for a platform provider, Pensions & Investments reports. The platform will be used as part of CalPERS' $5.2 billion hedge fund portfolio.
That portfolio is undergoing some big changes, including the elimination of its fund of hedge funds allocation in favor of direct hedge fund investments. In addition, CalPERS plans to add event-driven and quantitative equity-market neutral allocations, and a 6% allocation to discretionary global macro.
Those changes must still be approved by CalPERS' board.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…