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CalPERS moves back to hedge funds, adds to Symphony fund

July 02, 2010  

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The California Public Employees Retirement System has finally started to move money back into hedge funds after logging redemptions in 2008, 2009 and early 2010.

The Symphony Eureka Fund, the portfolio's only convertible arbitrage fund, received a $75 million commitment from the $204 billion retirement fund and another two new...

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