CalPERS Shifts Hedge Fund Strategy
Posted on 02/27/2013
American public pension funds are increasing allocation to hedge funds. Pension funds desire improved returns as pension costs for public employees continue to put pressure local government finances. The California Public Employees’ Retirement System (CalPERS) with US$ 254.5 billion in assets is juicing its augmentation to event-driven and global macro hedge funds. 5% of their […]
