Institutional Investors

California logs more redemptions


As $180 billion California Public Employees' Retirement System continues to consider ways to reconfigure its hedge fund portfolio, an additional $136 million in hedge fund redemptions have been reported bringing the redemption tally for the last few months of more than $600 million.

At the end of March, the system received a full redemption of more than $8 million from Zaxis Institutional Partners and logged a partial redemption of $108 million from Farallon. Platinum Grove saw a withdrawal of $5 million, while Tosca also saw a partial withdrawal totalling $14 million.

Officials are looking to source its own hedge