caLPERS CIO Explains Decision To Drop Hedge Funds [VIDEO]

In one of the biggest news stories of the year, caLPERs decided to dump its hedge fund investments. The firm released a short statement explaining the reasons behind the move. In a recent interview, the CIO of caLPERs discussed the topic in greater depth. Check it out below.

H/T  Nick Reeve of Ai-CIO 

Published on Oct 23, 2014

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In this Insight interview, Ted Eliopoulos, CalPERS Chief Investment Officer, discusses what drove the decision to drop hedge funds from the CalPERS portfolio.

Eliopoulos also responds to host Bob Burton’s questions about the current financial markets and how climate change and corporate tax-avoidance inversions impact CalPERS investments.