Nearly a year later, some concrete effects of CalPERS' intentions are becoming apparent, according to reports by the Wall Street Journal and Dow Jones - and the manager's approach has gained other adherents in the US pension fund industry.
Specifically, CalPERS will no longer invest conventionally by pooling its capital with other clients into hedge funds, and will instead require separately managed accounts in which hedge fund managers will have to trade directly for the pension fund manager.
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails
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