Thursday, January 08, 2009

CALPERS Allocation

CALPERS (the California state retirement fund) provides detailed information on their asset allocation. CALPERS has much more of a traditional US allocation than the other portfolios I've examined. The top part of the table now shows Moom and Moominmama's allocations (updated for January) the Australian and Californian public retirement funds, the three Ivy Leagues, the average US university endowment and the Australian Future Fund. The lower part of the table shows the "distance" between the four selected portfolios at left and the the portfolios listed across the table. Moom is most dissimilar to CALPERS, Moominmama, and Yale and most similar to PSS(AP). Moominmama is most dissimilar to Moom and most similar to PSS(AP), CALPERS, and the typical US university endowment. PSS(AP) has a similar level of dissimilarity to all the portfolios but is most dissimilar to Princeton, Yale and CALPERS and most similar to Harvard and the Future Fund. CALPERS is most dissimilar to Moom and most like the average US university endowment.

If you'd like me to analyze any other portfolios or make any comparisons let me know.

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