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CalPERS Eliminates Hedge Fund Program in Effort to Reduce Complexity and Costs in Investment Portfolio
CalPERS Link to more items from this source
Sept. 15, 2014
"The staff recommendation, supported by the Investment Committee, will exit 24 hedge funds and six hedge fund-of-funds valued at approximately $4 billion.... CalPERS will spend approximately the next year strategically exiting current investments in a manner that best serves the interests of the portfolio."

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