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Corporate

Sep. 24, 2014

Attorneys, academics unfazed by Calpers' hedge fund exit

News of the California Public Employees' Retirement System's plans to liquidate the entirety of its $4 billion position in hedge funds touched off an energetic public conversation last week about the efficacy of hedge fund investing.


By Dominic Fracassa


Daily Journal Staff Writer


News of the California Public Employees' Retirement System's plans to liquidate the entirety of its $4 billion position in hedge funds touched off an energetic public conversation last week about the efficacy of hedge fund investing.


As the nation's largest public pension plan with about $300 billion in assets under management, Calpers' investment activity is often viewed as a be...

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