Calpers Shifts From 7 US Tech Giants to Private Equity for Diversification
Updated
Updated · Bloomberg · Oct 23
Calpers Shifts From 7 US Tech Giants to Private Equity for Diversification
3 articles · Updated · Bloomberg · Oct 23
Summary
Calpers is cutting its heavy exposure to large US technology stocks and raising its allocation to private equity, the Financial Times reported, citing deputy CIO Anton Orlich.
The move is meant to diversify equity risk by replacing concentrated bets on seven companies with exposure to several hundred firms.
The shift marks a portfolio pivot by California’s public pension giant away from the market leadership of a handful of US tech names toward broader private-market holdings.