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CalPERS Hedge Fund Head Resigns

Kurt Silberstein has resigned from the California Public Employees’ Retirement System.

Kurt Silberstein has resigned from the California Public Employees RetirementSystem,Reuters reports. He will be joining U.S. Bank’s Ascent Private Capital Management.

Silberstein used to oversee the pension fund’s hedge fund program. Craig Dandurand, a CalPERS portfolio manager, will be handling the Risk Managed Absolute Return Strategies program and work under Joseph Dear, CIO of CalPERS.

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