Calpers to Exit Hedge Funds, Divest $4 Billion Stake

The California Public Employees’ Retirement System plans to divest the entire $4 billion that it has with hedge funds, saying they’re too expensive and complex. The decision to eliminate 24 hedge funds and six hedge fund-of-funds, isn’t related to the performance of the program, said Ted Eliopoul…

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Calpers to Exit Hedge Funds, Divest $4 Billion Stake

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