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America’s Largest Pension Fund Pulls Out of Hedge Funds September 16, 2014

Posted by Garibaldy in International Finance, United States.
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Fascinating story from gawker. Here’s the first paragraph

CALPERS is America’s largest pension fund, with $300 billion in assets. It just announced that it is pulling all of its money out of hedge funds. Why? Because everyone knows that hedge funds are a ripoff.

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