Comment: Chris Sullivan
The hedge fund industry has always had a bit of a schizophrenic relationship with the media, particularly here in the US
21/01/2011
CalPERS sees 12.5% investment return over 2010
The California Public Employees’ Retirement System (CalPERS) announced yesterday a 12.5% net return on investments for the 2010 calendar year, taking its assets up to $225.7bn.
In the pension fund’s second straight calendar year of double digit returns, CalPERS stated it had gained more than $65bn since the fund’s lowest point in March 2009, when assets dropped to $160bn.
CalPERS private equity programme produced the biggest gain for the retirement system over the year with a 21.5% overall return. Meanwhile the global equity portfolio, which houses CalPERS hedge fund allocation, returned 14.6%.
Joseph Dear, CalPERS chief investment officer said in a statement: “We repositioned our portfolio to take full advantage of the overall gains in the market last year. The strong returns we saw in 2010 prove that our comprehensive evaluation of all our investments is paying off for our members, employers and taxpayers.”
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Mayfair allure remains strong for London funds
Mayfair’s position as the undisputed heartland of London’s hedge fund community was called into question last month
Editor's letter: 16 May 2012
The pressure cooker purred in January and February, squealed in March and April, and, this week, finally blew a gasket
Progress report
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European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
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