wilshire

Hedge Funds

CalPERS to confront messy absolute return portfolio

Wilshire’s annual review of the US$190 billion CalPERS’ internal risk managed absolute return strategies (RMARS) has revealed a number of anomalies compared with its other global equity investments, including an over-reliance on quantitative tools and inadequate staff compensation incentives. In addition, an examination of the underlying investments in six of the hedge fund-offunds (hedge FoF) […]
Hedge Funds

CalPERS to confront messy absolute return portfolio

Wilshire’s annual review of the US$190 billion CalPERS’ internal risk managed absolute return strategies (RMARS) has revealed a number of anomalies compared with its other global equity investments, including an over-reliance on quantitative tools and inadequate staff compensation incentives. In addition, an examination of the underlying investments in six of the hedge fund-offunds (hedge FoF) […]