dcollon Posted September 16, 2014 Share Posted September 16, 2014 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 Link to comment Share on other sites More sharing options...
LC Posted September 16, 2014 Share Posted September 16, 2014 Good. Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 16, 2014 Share Posted September 16, 2014 I have a feeling they would jump back in a few years after they see some good hedge fund performance.... Link to comment Share on other sites More sharing options...
ni-co Posted September 16, 2014 Share Posted September 16, 2014 Barry Ritholtz has some good thoughts on it: http://www.bloombergview.com/articles/2014-09-16/california-earthquake-for-hedge-funds Link to comment Share on other sites More sharing options...
GregS Posted September 16, 2014 Share Posted September 16, 2014 I have a feeling they would jump back in a few years after they see some good hedge fund performance.... ^^This Link to comment Share on other sites More sharing options...
thepupil Posted September 16, 2014 Share Posted September 16, 2014 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). Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 16, 2014 Share Posted September 16, 2014 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... Link to comment Share on other sites More sharing options...
Fat Pitch Posted September 16, 2014 Share Posted September 16, 2014 Whatever Calpers does, do the opposite! Link to comment Share on other sites More sharing options...
dcollon Posted September 22, 2014 Author Share Posted September 22, 2014 Leon Cooperman comments on Calpers decision. http://www.bloomberg.com/video/omega-s-leon-cooperman-ebay-paypal-calpers-hedge-funds-BVMIhH6TT2ixBDjcN0b0JA.html Link to comment Share on other sites More sharing options...
dcollon Posted October 28, 2014 Author Share Posted October 28, 2014 Calpers CIO Explains Decision To Drop Hedge Funds http://www.valuewalk.com/2014/10/calpers-cio-explains-decision-drop-hedge-funds-video Link to comment Share on other sites More sharing options...
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