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Scale drove CalPERS hedge fund move

Lack of hedge fund scale forced CalPERS to abandon the sector, not the inability of hedge funds to perform

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Read more: hedge fundsInvestmentTed EliopoulosAustraliaRainmakerCaliforniaCalPERSClub SuperCommonwealth Super CorporationFuture Fund Management AgencyFuture Fund Management Agency allocationLocal Government Super SchemeScaleUnited Technologies Corporation Retirement Plan