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Article: CalPERS Hires Additional Hedge Fund Manager
- Article from:
- Daily News
- Article date:
- September 16, 2002
- Author:
CopyrightCopyright 2002 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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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 ...