CalPERS implements hedge fund software

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US - The California Public Employees' Retirement System (CalPERS) has bought the rights to portfolio construction software to implement across its hedge fund and equity portfolios.

The software, known as OPTICS, was created by Jersey-based hedge fund manager Ermitage, which has managed a $145m bespoke European Multi-Strategy Portfolio for CalPERS since 2006. The licensing ...

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