WSJ: CalPERS questions its own ability to execute winning trades
Candidates for the chopping block in the pension fund's strategy rethink include individual stocks and hedge funds -- and a retreat from its accustomed role as trading macher
MisterRIA
If ever there was an augment for holding the market portfolio, this is it…. but then what would all those bureaucrats do as they were beating 2/3’s of all active managers?