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
The week on Risk.net, December 2–8, 2017Receive this by email