Apparently CalPERS (the California State retirement pension fund) is no longer going to invest in hedge funds, according to this post from Gawker.
I hope this is true. The Gawker article does a nice job of identifying that this is a good move on the part of CalPERS. This is not a “neutral” event or a “wait and see what happens” occurrence. This is, without a doubt, a rational, smart ...More →