Tue, Aug 4, 2015
A A A
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: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  2. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  3. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner