Institutional Investors

CalPERS’ hedge funds still in the red


The $5.2 billion hedge fund programme of the $238 billion California Public Employees’ Retirement System is still down for the year – with the direct hedge fund portfolio losing 1.5% for the year ending 31 March 2012, and while the its fund of hedge fund programme was down 3.1% over the same time frame.

The direct hedge fund programme totals $3.6 billion and carries allocations to 37 funds, including: Black River Fixed Income Relative Value Opportunity Fund; Chatham Eureka Fund; OZ Eureka Fund; Aspect Alternative Fund; and Symphony Eureka Fund.

The fund of fund portion of the hedge