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CalPERS Hints at Starting Hedge Funds
CalPERS considers building its own hedge funds and running them in-house.

The $180 billion California Public Employees’ Retirement System is hinting at a bold stroke: building its own hedge funds and running them in-house. Sacramento-based CalPERS, the biggest public pension fund in the U.S., sees the move as a potential way to attract high-end talent. But given the compensation gap between
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