Institutional Investors

CalPERS considers boosting hedge fund programme in the new year


The California Public Employees’ Retirement System has spent the last few months reorienting its hedge fund programme to be implemented in new ways and is said to be considering an increase when trustees once again review the investment programme in early 2012.

Joseph Dear, chief investment officer of the $228 billion pension fund, has publicly said that the absolute return portfolio has been shown to be valuable in the current market volatility. Staffers are expected to present a review of benchmarks, objectives and strategies of the hedge fund programme in the coming months.

The absolute return