Calpers Pulls Public Employee Pensions Out Of Hedge Funds Calpers says the investment proved to be too complex and not worth the expenses.
NPR logo

Calpers Pulls Public Employee Pensions Out Of Hedge Funds

  • Download
  • <iframe src="https://www.npr.org/player/embed/349036336/349036337" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Calpers Pulls Public Employee Pensions Out Of Hedge Funds

Calpers Pulls Public Employee Pensions Out Of Hedge Funds

Calpers Pulls Public Employee Pensions Out Of Hedge Funds

  • Download
  • <iframe src="https://www.npr.org/player/embed/349036336/349036337" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

California's public employee pension is divesting its entire $4 billion stake in hedge funds. Calpers says the investment proved to be too complex and not worth the expenses. Many public pensions turned to hedge funds in hopes of boosting returns and gaining protection from market crashes, but most have lagged behind market indexes in recent years.