Calpers Hopes Riskier Bets Will Restore Its Health – DealBook Blog …

Calpers lost nearly $60 billion in the financial markets last year, which means it has a serious long-term shortfall. Joseph A. Dear, the fund’s new invesment head, thinks the cure is in hedge funds and beaten-down private equity.

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Calpers Hopes Riskier Bets Will Restore Its Health – DealBook Blog …

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