US pension funds set to increase investment allocations to hedge funds
US pension funds are increasing investment in hedge funds and starting to consider smaller funds if they demonstrate sharp presentation skills and ensure mutual interests are aligned.
US pension funds have been allocating to hedge funds for some time. Californian Public Employees’ Retirement System (Calpers) made its first allocation to hedge funds in 1991, paving the way for a number of others to follow suit.
Calpers’ total allocation to hedge funds is around 5% or $5.4 billion of its global equity allocation. This could rise to 8%.
Collectively US pension funds manage a total of $15.3 trillion, approximately 58% of worldwide pension plan assets, according to professional
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