Salient to Investors: Ted Eliopoulos at Calpers said their small hedge fund allocation did not effectively diversify or hedge any meaningful portion of their total portfolio and their decision to divest the entire allocation was unrelated to its performance. Keith Brainard at National Assn of State Retirement Administrators said Calpers is often
READ MORE... →Salient to Investors: Calpers assets passed a pre-recession high of $260.6 billion in May, 5 years after the global financial crisis wiped out more than a third of its value, by keeping exposure to growth assets. Calpers lost a record 23 percent in 2009, gained almost 21 percent in 2011, and
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