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Calpers to Exit Hedge Funds, Divest $4 Billion Stake


dcollon
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I have a feeling they would jump back in a few years after they see some good hedge fund performance....

 

^^This

 

I actually doubt it. They are way too big to build a book of hedge fund investments that has a snowball's chance in hell of adding a smidgeon of value. Once you get that big, it's passive investing all day (like Norway does).

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I have a feeling they would jump back in a few years after they see some good hedge fund performance....

 

^^This

 

I actually doubt it. They are way too big to build a book of hedge fund investments that has a snowball's chance in hell of adding a smidgeon of value. Once you get that big, it's passive investing all day (like Norway does).

 

 

I hope you're right. I am California resident and I know many people depending on CalPERS to do the right thing...

 

 

 

 

 

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