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CalPERS considers hedge fund return 12 years after high-profile exit

Reported · Written up by our desk · Equity Funds

The California Public Employees’ Retirement System (CalPERS) is exploring a potential return to hedge fund investing through separately managed accounts (SMAs), 12 years after its high-profile withdrawal from the industry, according to a report by Pensions & Investments. The $653.8bn pension fund has held discussions with Goldman Sachs and Dockside Platforms about gaining hedge fund exposure through SMAs, according to correspondence obtained through a public records request. Emails exchanged earlier this year indicate that CalPERS has been assessing the structure as a means of accessing divers

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