Mon, Nov 30, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers November 2012

Focus - How to get seeded by CalPERS

The California Public Employees' Retirement System (CalPERS), the largest U.S. pension fund, with an investment portfolio valued at $239.9 billion , is an early investor in alternatives compared with its peers. It began investing in hedge funds in April 2002, and has been investing with emerging managers (EMs) in various asset classes, directly and through fund of funds, for more than 20 years. In 1991, CalPERS initiated an effort to retain EMs in underserved sectors of the U.S., and in March 2000, the fund implemented the first formal EM program. Between 2000 and 2009, CalPERS launched multiple EM programs, and since 2010, it has made $900 million in new commitments to emerging managers.

As of June 30, 2011, CalPERS had almost $10 billion, representing 12% of its total externally managed NAV, invested with more than 300 EM investment firms.

CalPERS will be hosting a workshop on December 3, 2012 for emerging managers seeking to become investment partners with the Pension Fund.

"We have heard loud and clear from the emerging manager community that we can do a better job with our external outreach," said Joe Dear, CalPERS' CIO, in the announcement. "As we've detailed in our Emerging Manager Five-Year Plan, we will increase our communication, marketing and networking with the emerging manager industry and this workshop is a continuation of our work to that end."


To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November