40%
The expected reduction in the amount invested in hedge funds this year by the California Public Employees’ Retirement System, the largest public pension fund in the U.S.
Listed below is CalPERS current asset allocation mix by market value and policy target percentages as of April 30, 2014.
| Asset Class | Actual Investment ($ Billions) | Actual Investment % | Interim Strategic Target %1 |
|---|---|---|---|
| Growth | $187.4 | 64.5% | 64.0% |
| Public Equity | $156.4 | 53.8% | 50.0% |
| Private Equity | $31.0 | 10.7% | 14.0% |
| Income | $45.7 | 15.7% | 17.0% |
| Liquidity | $12.4 | 4.3% | 4.0% |
| Real Assets | $28.4 | 9.8% | 11.0% |
| Real Estate | $24.6 | 8.5% | 9.0% |
| Forestland/ Infrastructure |
$3.8 | 1.3% | 2.0% |
| Inflation | $9.7 | 3.3% | 4.0% |
| Absolute Return Strategy |
$5.0 | 1.7% | N/A |
| Multi Asset Class Strategy |
$1.1 | 0.4% | N/A |
| Total Fund* | $290.5 | 100.0% | 100.0% |
1 Interim strategic targets adopted by the Investment Committee at the August 2011 Investment Committee meeting.
* Figures are rounded for viewing purposes.
Dated: 07-11-2014
(Source: WSJ,CalPERS)
