Wednesday, March 11, 2009

CalPERS and CalSTRS call for freedom to invest in Alternative Investments

CalPERS, CalSTRS and other public pension plans, which collectively invest US$900 billion, released a statement calling for market regulation reform principles based on transparency, regulatory independence and the preservation of institutional investors’ freedom to invest in the full range of investment opportunities. The public pension plans also called for the formation of a new agency to prevent systemic risk. Hedge Fund Net reports that the call for freedom to invest includes alternative investments like hedge funds and private equity funds.

Pension Plan Statement
Hedge Fund Net