Article: CalPERS Hires Additional Hedge Fund Manager

SACRAMENTO (HedgeWorld.com) - Farallon Capital is that latest hedge fund manager to be included in the California Public Employees' Retirement System's US$1 billion hedge fund program.

The initial funding of the Farallon Capital Offshore fund for US$50 million was completed on Aug. 1. The fund is a multi-strategy event-driven fund, investing in merger arbitrage, non-merger related risk arbitrage, credit investments, restructurings and value, and liquidations.

Farallon's assets under management total US$8 ...

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