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

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI