CalPERS Seeks Dynamic FX Hedging Program Readies Request For Proposals, 1992 Start Eyed
FUNDS
One of the largest pension funds in the U.S. is getting ready to enlist in a dynamic currency hedging program. DeWitt Bowman, chief investment officer of the $63 billion California Public Employees' Retirement Fund System (CalPERS) says "we're going to be issuing a request for proposals within the next couple of months to look at some managers that can provide [currency] overlay," and "we could have a program in place by the first of the year."
CalPERS joins a small but growing number of pension
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