Canada offers lessons for CalPERS, Other US Funds, Pensions & Investments
Keth wrote an article titled Canada offers lessons for CalPERS, Other US Funds for Pension & Investments, which is published by Crain Communications Inc. The article highlights the CalPERS' recent decision to exit the hedge fund space. Generalizing beyond the specifics of the California Public Employees' Retirement System's rationale for its decision, both articles noted the apparent ambivalence in the investment goals, beliefs and implementation strategies the decision symbolized, not just at CalPERS, but at many other American public-sector pension funds as well.
Keith also talks about what three attributes pension organizations have to have to do the three main things well, and the OTPP.