pehub.com - 12/11/2008
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Like all institutional investors, CalPERS has been hard hit by the denominator effect. According to new documents released ahead of its Dec. 15 investment board meeting, the pension system’s actual allocation to alternative investments is now 40% higher than is its target allocation, despite ...
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Thursday links: scary predictions
Abnormal Returns —
... “The denominator effect is very real, particularly when it comes to being able to make new alternative asset commitments.” (peHUB) ...
Denominator Effect
GalaTime —
... peHUB: The Denominator Effect: A Good Problem To Have? ...
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