Tuesday, 22 July 2014
Last updated 2 hours ago
Nov 26 2007 | 8:54am ET
The board of the nation’s largest pension fund is meeting on Dec. 17 to set target percentages for the next three years concerning the direction of its hedge fund and private equity allocations.
Clark McKinley, a spokesman for the California Public Employees' Retirement System, said it is likely that the board will increase the fund’s private equity allocation target from the current 6% of total assets ($251 billion) to as much as 9%.
“Non-U.S. private equity share is one-third of the portfolio, and that may increase, especially for Asia,” he said.
McKinley did not specify the board’s direction toward hedge funds, only stating that, “hedge fund allocations already have been increased to up to 8% of the total global equity asset class allocation. That would be more than $12 billion, about double what we have in hedge funds presently.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…