CalPERS and the Great Hedge Fund Evolution
The news that CalPERS is getting out of hedge funds provides a prime opportunity to take a look at how hedge funds play into a pensions portfolio.
Ashby Monk
September 21, 2014
Signage stands outside the offices of the California Public Employees' Retirement System (Calpers) in Sacramento, California, U.S., on Monday, Sept. 13, 2010. California Governor Arnold Schwarzenegger backed off a proposal to borrow $2 billion from the California Public Employees' Retirement System to help balance a state budget now almost three months overdue. Photographer: Ken James/Bloomberg
Ken James/Bloomberg
