Fri, Feb 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Average large North American public pension fund allocates 5.7% to hedge funds in FY2011 says Infovest21

Wednesday, October 26, 2011
Opalesque Industry Update - In its just-released Special Research Report, Infovest21 finds that the average large public pension fund which allocates at least $1 billion to hedge funds and funds of funds, allocates 5.7% to hedge funds and absolute returns funds in FY2011, an increase from 5.4% in FY2010 and 4.5% in FY2009.

Average Asset Allocation of 25 Large Public Pension Funds (%)

 

 

Equity

Bonds

Absolute Return/ Hedge Fund

Other Alternative Investments

Private Equity

Real Estate

Cash/ Short Term

Other

2011

48.2

22.4

5.7

3.9

5.8

8.2

1.1

5.1

2010

46.6

23.9

5.4

3.2

5.7

7.7

1.7

5.2

2009

47.5

23.4

4.5

2.7

5.5

8.4

2.5

5.0


The table above, which shows aggregated results for the past three fiscal years, highlights that the average allocation to equities increased to 48.2% in FY2011 from 46.6% in the prior year. However, the average allocation to fixed income declined from 23.9% in FY2010 to 22.4% in FY2011, notes Lois Peltz, President of Infovest21.

Private equity increased slightly from 5.5% in FY2010 to 5.8% in FY2011. Real estateexposure dropped from 8.4% in FY2009 to 8.2% in FY2011. Other alternatives increased from 2.7% in FY2009 to 3.9% in FY2011.

In compiling these results, Infovest21 tracked the asset allocation trends for 25 large public pension funds as far back as annual results were provided. Of those, 22 were based in the US and three were based in Canada. The sampling includes those pensions that allocate at least $1 billion in assets to hedge funds/funds of funds and publish their asset allocation on at least an annual basis. These findings make up Part 1 of the special research report.

Part 2 includes asset allocation findings of another 18 US pension plans whose allocations to hedge funds are under $1 billion.

For additional information, contact: general@infovest21.com

(press release)


BG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Opalesque Exclusive: Very small CTA averages 6.90% per month since April’14 inception[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is ba

  2. Investing - Top U.S. hedge funds cut Apple stakes ahead of all-time high, John Paulson holds gold ETF in Q4 but cuts back on some miners, Hedge funds exited tumbling oil company shares late last year, Some top investors exit Herbalife, Soros added shares in fourth quarter, Moore Capital boosts U.S. financial holdings, reduces China bets[more]

    Top U.S. hedge funds cut Apple stakes ahead of all-time high From Reuters.com: Top U.S. hedge fund management firms, including David Einhorn's Greenlight Capital and Philippe Laffont's Coatue Management, reduced their stakes in Apple Inc during the fourth quarter, ahead of the iPhone mak

  3. Opalesque Exclusive: Skënderbeg launches four single-manager funds with Your Wealth AG[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund),

  4. Opalesque Roundtable: Many Swiss investors are questioning the value proposition of hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: There is a well-known transition among investors in hedge funds between high-net-worth individuals and institutional investors, Ian Hamilton, head of the IDS Group, said during the recent

  5. UCITS HFS Index starts year on positive note with 1.09% gains in January[more]

    Komfie Manalo, Opalesque Asia: The UCITS HFS Index started the year on a positive note gains of 1.09% in January after finishing 2014 with a modest performance of 1.62%. Index provider 2n20 said th