RSS Feed

Calendar

March 2024
M T W T F S S
« Feb    
 123
45678910
11121314151617
18192021222324
25262728293031

Search

Tag Cloud

Archives

Institutional Investor (September 21)

2014/ 09/ 22 by jd in Global News

The California Public Employees Retirement System (CalPERS) “will sell its entire book of hedge funds, including 24 direct interests and another six hedge-fund–of-fund stakes.” This could signal a sea change as other pension funds reevaluate the effectiveness of hedge funds, which have mushroomed to $3 trillion. “Last year on average, hedge funds returned 9 percent, which was 23.4 percentage points less than public market returns.”

 

[archive]