Friday, 9 October 2015
Last updated 15 hours ago
Mar 31 2006 | 12:00am ET
The $209 billion California Public Employees Retirement System may create an emerging hedge funds program in the next six to nine months, according to a portfolio manager at the fund. Kurt Silberstein, portfolio manager for Absolute Return Strategies at CalPERS, attending the GAIM Asia 2006 conference on alternative investments in Hong Kong, told Dow Jones Newswires that the program would invest in startup hedge funds worldwide.
“Studies show the best performance comes from the younger hedge funds, those between one to three years old, usually below $500 million,” he told the news agency. “The idea is to capture that performance by investing in those funds at an early state in their cycle.” Clark McKinley, spokesman for the plan, said he was aware of the article but could not provide confirmation on the comments or any additional information.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…