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This is the official Perth blog site for posts, comments, and other contributions about leadership, behavioral finance and economics, and about management generally, as well as other related topics that take our fancy.

The Calpers' Hedge Fund Fiasco: The Solution They Missed

I guess you noticed that Calpers has just ditched investing in hedge funds. The official line was that it was too complicated. The truth of the matter was that it didn’t work. .   That tells us a lot about hedge funds and investing generally and you know I am going to draw my own conclusions from that. First it’s been clear for a long tim...
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