CalPERS drops beta overlay, makes partial redemptions
Mon Oct 5, 2009
The $180 billion California Public Employees'
Retirement System received an annual review of its hedge fund
programme from general investment consultant Wilshire. Wilshire
recommended dropping the beta overlay of the portfolio, which
helped magnify the negative returns in 2008.
The Risk Management...
ISSN: 2151-1845 / CDC10004H
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