CalPERS has too much money to effectively invest in hedgefunds. Good article here: http://www.bloombergview.com/articles/2014-09-16/calpers-has-lost-interest-in

CalPERS has too much money to effectively invest in hedgefunds. Good article here: http://www.bloombergview.com/articles/2014-09-16/calpers-has-lost-interest-in-hedge-funds http://www.bloombergview.com/articles/2014-09-16/calpers-has... Hedge funds are not the only people that benefit from carried interest. Real estate and energy investments benefit from it as well. Those industries have far more pull than hedge funds ever will.