Timeline 2000-2011: Public Pensions Invest in Hedge Funds - 2001

CalPERS

CalPERS

2000

2000

2006

2006

2001

2001

2007

2007

2002

2002

2008

2008

2003

2003

2009

2009

2004

2004

2010

2010

2005

2005

2011

2011

2001

2001

In April, CalPERS invites Blackstone Alternative Asset Management, Goldman Sachs Asset Management and J.P. Morgan Alternative Asset Management to a final bake-off in Sacramento to pick an adviser for investing its hedge fund allocation. The next month, BAAM wins the assignment.

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