CalPERS has too much money to effectively invest in hedgefunds. Good article her...

		sseveran on Sept 22, 2014 \| parent \| context \| favorite \| on: What are hedge funds, and what social functions do... CalPERS has too much money to effectively invest in hedgefunds. Good article here: 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.