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Red Flags Surround CalPERS' Costly Hedge Fund Gamble
Edward Siedle in Forbes; subscription may be required 
[Opinion] Sept. 17, 2014 "Hopefully, there will be no unpleasant surprises related to pulling the money safely back into the state pension over the next year. The more public pensions that follow CalPERS' lead and run (as opposed to walk slowly) for the door, the greater the probability they'll find it's locked. Structural illiquidity (lock-ups) and illiquid investments are commonplace in hedge funds." MORE >> |
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