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Investment

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 funds,  Investment,  Ted Eliopoulos,  Australia,  Rainmaker,  California,  CalPERS,  Club Super,  Commonwealth Super Corporation,  Future Fund Management Agency,  Future Fund Management Agency allocation,  Local Government Super Scheme,  Scale,  United Technologies Corporation Retirement Plan