Kline
Hawkes Jumps to 4th
In CalPERS NET IRR Rankings
In late December 2002, the country’s largest Pension Fund, the California Public Employees’ Retirement System (CalPERS), released the performance results in their Alternative Investment Management Program (AIM) and once again Kline Hawkes was amongst CalPERS top performing funds. When measuring results by “Net IRR”, Kline Hawkes California improved from 10th to the 4th best Fund with a Net IRR of 43.32%. The ranking was all the more impressive considering the number of funds in the program increased 31% from 147 to 193 since CalPERS last released their numbers. Compared to the other funds in the same 1995 vintage, Kline Hawkes’ Net IRR ranked 3rd while its Investment Multiple was the 2nd best performing in its vintage class.
|
CalPERS AIM Performance |
|
Total CalPERS capital commitments |
$18.2 billion |
|
Total Funds in Program |
193 |
|
Average CalPERS Net IRR |
10.83% |
|
Kline Hawkes Net IRR |
43.32% |
|
Average CalPERS Investment Multiple |
1.24 |
|
Kline Hawkes Investment Multiple |
2.76 |
Source: CalPERS AIM Program Performance Analysis as of 6/30/02