AdvisorShares: Is CALPERs Making A Huge Mistake?
September 19, 2014 at 06:00 AM EDT
CALPERs, the huge pension for California state employees, made news with its latest investment policy shift where it will completely divest its hedge fund exposure over the course of the next year. At almost $300 billion in AUM, CALPERs is big enough to potentially move markets and it certainly is...