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

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...