Calpers to Exit Hedge Funds, Divest $4 Billion Stake

[dcollon]

Interesting announcement out of Calpers

 

Calpers to Exit Hedge Funds, Divest $4 Billion Stake

http://www.bloomberg.com/news/2014-09-16/calpers-pulls-all-4-billion-in-hedge-funds-citing-costs.html

[LC]

Good.

[fareastwarriors]

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

[ni-co]

Barry Ritholtz has some good thoughts on it:

http://www.bloombergview.com/articles/2014-09-16/california-earthquake-for-hedge-funds

[GregS]

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

 

^^This

[thepupil]

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).

[fareastwarriors]

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...

 

 

 

 

 

[Fat Pitch]

Whatever Calpers does, do the opposite!

[dcollon]

Leon Cooperman comments on Calpers decision.

 

http://www.bloomberg.com/video/omega-s-leon-cooperman-ebay-paypal-calpers-hedge-funds-BVMIhH6TT2ixBDjcN0b0JA.html

 

[dcollon]

Calpers CIO Explains Decision To Drop Hedge Funds

 

http://www.valuewalk.com/2014/10/calpers-cio-explains-decision-drop-hedge-funds-video