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CalPERS Makes $100M HF Seed Investment
The California Public Employees’ Retirement System has allocated $100 million as seed money to Toronto-based global macro hedge fund firm Breton Hill Capital.
TheCalifornia Public Employees’ Retirement System(CalPERS) has allocated $100 million as seed money to Toronto-based global macro hedge fund firmBreton Hill Capital. This is CalPERS’ first seed investment with a hedge fund manager and is part of its absolute-return strategies program.
Eyeing emerging managers, CalPERS has also invested some $500 million with customized funds of hedge funds. With $224 billion in market assets, it is the largest public pension fund in the U.S.
Click here for the release fromCalPERS.