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CalPERS decides hedge funds are a sell - Los Angeles Times

CalPERS decides hedge funds are a sell - Los Angeles Times

Los Angeles Times - By Marc Lifsher

SACRAMENTO — The country's biggest public pension system is getting out of hedge funds. The California Public Employees' Retirement System, with $298 billion worth of investments in its portfolio, announced that over the next year it plans to sell about $4 billion worth of hedge fund investments as …

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