CalPERS To Increase Private Equity Exposure

Nov 26 2007 | 9:54am 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.”


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...