Why is CalPERS Eliminating its US$4bn Hedge Fund Program?

California Retirement System

Date:

Why is CalPERS Eliminating its US$4bn Hedge Fund Program?

Autor: Alicia Miguel

Decision not based on performance of program

It will exit 24 hedge funds and six hedge fund-of-funds valued at approximately $4 billion

Existing ARS staff will be reassigned within the Investment Office