Calpers to invest pensions in Asian Hedge Funds

| May 13, 2005 | 0 Comments
Calpers to invest pensions in Asian Hedge Funds

Calpers, the $181 billion pension fund that manages money for public employees in California and one of the largest pension funds in the United States, is expected to invest soon in Asian hedge funds.

No final decision has yet been made, but Calpers is expected to pick one Asian fund provider to work with at first.

It is believed that the pension fund has recently interviewed several funds of hedge funds, which invest in other hedge funds, when staff were in Asia to explore investment opportunities there.

Last November, Calpers announced that it was considering an initial investment of $500 million in funds of hedge funds in order to raise its total hedge funds assets to $2 billion, up from $850 million.

How much of that $500 million would be put in Asian investments has not been revealed.

The plan by Calpers is part of a return to Asia by US capital after many companies reduced their exposure to Asian investments in the wake of the 1997-98 Asian financial crisis.

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