Article: News Briefs; San Francisco City & County makes changes to system's $3 billion alternatives program.

SAN FRANCISCO - San Francisco City & County Employees' Retirement System approved a revamp of its $3 billion alternatives investments program, doubling allocations to special situation funds and small- to midsized buyout funds to 20% and 30%, respectively. Large buyout funds were reduced to 20% from 35% of the alternatives portfolio, while venture capital was shaved to 30% from 40%. Portfolio Advisors, the $10.7 billion plan's alternatives consultant, recommended the moves.

Separately, eight international small-cap equity managers were to be interviewed Oct. 23-24, with at least one firm to be hired to run a total of $250 million to $275 million. The firms are ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!