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CalPERS Pulls Back from Hedge Funds
The Wall Street Journal; subscription may be required 
July 23, 2014 "Public pensions from California to Ohio are backing away from hedge funds because of concerns about high fees and lackluster returns. Those having second thoughts include officials at the largest public pension fund in the U.S., [CalPERS]. Its hedge-fund investment is expected to drop this year by 40%, to $3 billion, amid a review of that part of the portfolio[.]" MORE >> |
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