12/27/2007: CalPERS to Shift $44 Billion: Fund Moving 18% of Assets to International, Alternative Strategies (Pensions & Investments)
Excerpt: "At the Dec. 17 board meeting, trustees approved a new allocation that, based on the fund's Dec. 19 market value, will cause CalPERS to pour an additional $24 billion into its $46 billion international equity portfolio, $4.4 billion more into its $20.6 billion private equity portfolio, another $5.2 billion into its $19.8 billion real estate portfolio and about $10 billion more into a new inflation-linked asset class. The international equity figure assumes that one-third of CalPERS' $138 billion global equity portfolio is invested in international stocks."
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