Calpers: We’d invest more if hedge funds had a better reputation
By Rob Copeland
Wed May 16, 2012
California, New Jersey, Texas investors look for extra edge at SALT Conference.
LAS VEGAS – Major U.S. allocators say they are
beginning to look beyond the raw numbers as they shift their
allocations to hedge funds.
Joseph A. Dear, chief investment officer of the $232 billion
California Public Employees’ Retirement System,
said his organization could double the $5.5 billion it has
invested in hedge funds. He’s held back not
merely by the usual concerns about performance, but by the
"There are some people who think hedge funds are terrible,
overpaid, and get bad press," Dear said, hardly a popular
opinion at the fourth...
ISSN: 2151-1845 / CDC10004H
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