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CalPERS to Increase Investments in Event-Driven, Macro Funds

Feb 27, 2013
Jing Chen

The California Public Employees’ Retirement System is planning to boost its investments in event-driven and global macro hedge funds to "help reduce the impact of fluctuations in the stock market."

Bloomberg reported that CalPERS aims to invest 5% of its hedge fund portfolio with even-driven funds and increase its allocation in global macro funds to 10% from its current 2%.

The pension fund, which manages about $254.5 billion for employees, has about $5 billion invested in hedge fund strategies.

In recent years, a slew of pensions funds across the country have been allocating assets to hedge funds to diversify investments and improve returns.

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