San Francisco pension considers hedge funds as Calpers divests

The San Francisco Employees Retirement System board will consider whether to add hedge funds to its asset allocation.

By Alison Vekshin | Updated on October 07, 2014

Oct. 7 (Bloomberg) — The San Francisco Employees’ Retirement System board on Wednesday will consider whether to add hedge funds to its asset allocation, just as the California Public Employees’ Retirement System announced plans to divest such investments.

The board should approve investing 15 percent of its assets in hedge funds, which would offer good returns and low volatility, according to a recommendation in an October memo from William Coaker, the fund’s chief investment officer.

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