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The missing piece in many portfolios | Moneyweb
Earlier this year the chief investment officer of one of the world’s largest pension funds said the fund should increase its allocation to private equity. Yu Ben Meng, who heads up investments at the California Public Employees Retirement System (CalPERS), suggested that the fund’s current 8% allocation is not optimal. What is notable about this is that few, if any, South African pension funds have a private equity allocation that even nears 8%.