Wednesday, 27 May 2015
Last updated 28 min 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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…