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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