| 22.07.2009 Opalesque Exclusive: CalPERS leads fee pressure on hedge funds, but managers with solid performance have been able to hold the line |
| From Kirsten Bischoff, Opalesque New York: With preliminary reporting of its 2008-2009 fiscal year performance Calpers made it clear that hedge fund managers will be seeing further pressure on fees. The pension plan, which saw assets decline 23% and targeted several ways the portfolio would look to strengthen itself. Second on the list of actions was the pension plan's commitment to revi |