Calpers, the largest state pension fund in the US, lost 20 per cent of its assets, or close to $40bn, between July 1 and October 20 this year as a result of the turmoil in financial markets.
According to a US regulatory filing, Chinaâ??s sovereign wealth fund, China Investment Corp, is planning to increase its stake in Blackstone Group from 9.9 per cent to 12.5 per cent.
Ashmore, an emerging markets asset manager, was hit hard by redemptions in the three months to September 30, particularly from investors moving out of dollar-denominated debt.
Hedge funds turn to Bank of England for help (Fund News)
A group of large US hedge funds has called on the Bank of England to intervene to free an estimated $65bn in assets frozen in London in the collapse of Lehman Brothers.