DealBook – The decision by the California Public Employees’ Retirement System to leave hedge funds was not meant to send a message about that particular sector, the pension fund’s new chief investment officer told CNBC on Wednesday.
“It is not about the performance of the hedge fund program or about the industry in general. For us, it’s ending the program because it doesn’t serve CalPERS’ purposes,” Ted Eliopoulos said in an interview with “Closing Bell.”
