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CalPERS to exit hedge funds entirely

Receading Hedge

The California Public Employees' Retirement System is ditching its hedge fund program to reduce costs and complexity in its investment portfolio, it announced in a press release.

90% of hedge fund managers are overpaid ?

Hedge Fund

Nine out of 10 hedge-fund managers are overpaid as management fees don’t reflect declining interest rates and fund returns, according to Unigestion Holding, which invests $2 billion in hedge funds.

Hedge fund firm poaches another SocGen exec

Hedge Fund

Common Sense Investment Management has poached another Société Générale (Euronext Paris: GLE-FR) executive as it continues to rebuild after the arrest of its founder in a prostitution sting and the loss of most of its clients.