Thu, Mar 22, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

CalPERS to allocate another $200m for high-potential emerging manager funds

Tuesday, March 18, 2014

Komfie Manalo, Opalesque Asia:

The California Public Employees' Retirement System (CalPERS), the largest public pension fund in the U.S. with more than $280bn in assets, said it would utilize fund-of-funds to allocate a fresh $200m that focuses on high-potential emerging manager funds.

CalPERS said in a statement the new capital would be an expansion of its emerging manager program in the Private Equity asset class. "This new allocation is a reflection of CalPERS ongoing commitment to emerging and diverse managers," said Ted Eliopoulos, CalPERS Interim Chief Investment Officer. "Our goal is to generate appropriate, risk-adjusted investment returns by identifying early stage funds with strong potential for success."

The new allocation will be deployed over four years and is in addition to a $100m commitment made in 2012. The selection of a manager to head the fund-of-funds will be completed by CalPERS investment staff later in the year.

CalPERS has a legacy of leadership and innovation in emerging investment strategies, and has been investing with emerging managers directly and through fund-of-funds for more than 20 years. In 2012, CalPERS adopted the Emerging Manager Five-Year Plan – Pathway to the Future (the Plan), which provides a strategic framework to guide CalPERS investments and engagement w......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t

  3. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  4. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu

  5. Opalesque Exclusive: Northern Trust builds on blockchain-backed private equity solution[more]

    Bailey McCann, Opalesque New York: Private equity clients at Northern Trust can now carry out audits of private equity lifecycle events directly from the blockchain. Northern Trust, working with PwC and other audit firms in Guernsey, has added this feature to its existing solution set for private