Calif. Pension Trust Makes Alternatives A Priority

May 7 2008 | 12:12pm ET

The $782 million San Luis Obispo County (Calif.) Pension Trust last month unveiled its new asset allocation mix, which should give hedge fund and private equity managers a few million reasons to smile. 

The pension trust is making a foray into the alternatives asset class with a 5% allocation each to hedge funds, buyout/venture and commodities funds. At the same time, it is scaling down its large-cap U.S. equity portfolio from 32% to 26%, small- and mid-cap U.S. rquity from 10% to 9%, international large-cap equity from 12% to 11%, international small-cap equity from 4% to 3% and U.S. core fixed-income from 25% to 15%. 

In addition, the pension trust will begin four separate searches for infrastructure, p.e., fund of hedge funds, and commodities managers. Consultant Wurts and Associates will be given full discretion on the pension’s manager selection.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...

 

From the current issue of