Bloomberg – The San Francisco Employees’ Retirement System staff is recommending its board consider investing 10 percent of assets in hedge funds, five months after the largest U.S. pension, the California Public Employees’ Retirement System, decided to get out of them.
The staff said it also could support a 5 percent hedge-fund allocation for the $20 billion city pension, according to a memo sent to the board from William Coaker, the chief investment officer. The board is scheduled to consider the recommendation at a Feb. 11 meeting in San Francisco.
