Hedge Funds

CalPERS looking to put another $1 billion in hedge funds

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CalPERS is hoping to double its hedge fund allocation from $1 billion to $2 billion, according to documents on its website. The pension will discuss the matter in a meeting to be held next week.

The $168 billion pension plan started allocating to hedge funds in 2002 but will soon be finished distributing the initial $1 billion, according to the firm's original plan of making the allocations over a two-year period. CalPERS chief investment officer Mark Anson has recommended that the pension put half of the next $1 billion into funds of funds. To date, the pension has only invested