Timeline 2000-2011: Public Pensions Invest in Hedge Funds - 2000

A Decade to Remember: This timeline from 2000 to 2011 highlights significant milestones during the past ten years when large state public pension funds began investing in hedge funds.

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2000

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2006

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2001

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2011

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2000

2000

The hedge fund industry starts the decade with $456 billion under management. In May, Yale University CIO David Swensen publishes Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment. In November the board of the California Public Employees’ Retirement System approves the pension plan’s landmark $1 billion allocation to hedge funds.

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