1024px-The_Global_Financial_Context_Paul_Singer

Paul Singer Says CalPERS Was “Wrong to Desert” Hedge Funds

Paul Singer, a hedge fund manager, activist investor and billionaire, again questioned CalPERS’ decision to pull out of hedge funds at a conference Friday in New York. Heard by Businessweek: Paul Singer, who runs hedge fund firm Elliott Management, said the decision by the California Public Employees’ Retirement System to stop investing with hedge ...
1024px-The_Global_Financial_Context_Paul_Singer

Paul Singer: CalPERS’ Hedge Fund Exit Was “Off-Base”

Paul Singer, a hedge fund manager, activist investor and billionaire, wrote in a recent letter to clients that CalPERS’ exit from hedge funds was “off-base”. CalPERS said at the time that its decision to exit hedge funds was based on their “complexity, cost and the lack of ability to scale at CalPERS’ size”. Singer responded to those criticisms, ...
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