We wrote ten years ago in 2004 about hedge funds, including suggestions and questions to improve prudence. Recently, CalPERS seems to have determined for itself the costs, risks and returns were not worth it. They have simply announced they will get out of all $4 Billion invested in hedge funds. 2016 Update: New Jersey State […]
Is 2007 happening again? This time in bank or leveraged loan funds? Regarding Bank Loan investment market: “It will be hard to call the exact move in interest rates because we’re in a massive global monetary experiment that’s never been done before,” he said. “And anybody who tells you where rates are going, you shouldn’t […]