CalPERS, the US based pension fund, is planning to double its exposure to high yield debt and will seek external managers to handle most of its US fixed income portfolio.
CalPERS consultants Wilshire Associates has recommended that the policy maximum be increased from 5% to 10% of the fund’s domestic fixed income assets. They also recommend that the high yield expos...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
