The California Public Employees' Retirement System has continued its ride on the redemption train, following partial redemptions from four managers and a full redemption from a fifth hedge fund totalling $343 million.
In recent months, Farallon, Canyon, Deephaven and Wayzata have all given money back to the $200 billion CalPERS, which now has nearly $6 billion in its hedge fund portfolio.
Partial redemptions for Deephaven totalled $56 million. Farallon logged partial redemptions totalling $23 million.
In addition, the Canyon VRF Fund gave back $21 million in two installments, while Wayzata gave back $29 million, according to CalPERS transaction reports.