Here’s Why CalPERS Dropped Hedge Funds
Posted on 09/17/2014
Are hedge funds losing significance with major institutional investors? The California Public Employees Retirement System (CalPERS), the largest U.S. pension fund, expelled hedge funds from its portfolio – sending a shock to the estimated US$ 3 trillion hedge fund industry. Some hedge funds are known for leveraged bets on market beta. CalPERS interim Chief Investment […]
