Institutional Investors

CalPERS adds two HFs

by

The $212 billion California Public Employees Retirement System added two hedge funds to its portfolio as it made partial redemptions from a number of hedge fund managers over the summer.

BlueCrest Capital Management's BlueTrend and SuttonBrook received $80 million and $25 million allocations respectively, while seven managers logged partial redemptions totalling $232 million. CalPERS received monies back from Canyon VRF, Wayzata, Deephaven, Brookside, Tremblant, Tennenbaum and Black River CMSF.

Year to date the pension fund has approved 10 managers to manage a total of $410 million.