03096nam a22005051i 4500 000709829 CaToSAGE 20240202172917.0 20180103162434.3 m|||||o||d|||||||| cr ||||||||||| 180103r20162016enk fo 000 0|eng|d NEZPRACOVANÝ IMPORT 9781526429865 (ebook) : No price (OCoLC)1023549668 CaToSAGE eng CaToSAGE rda pn UtOrBLW n us fl HG4530 .E45 2016 332.64524 23 Elias, Jaan, author. Role of hedge funds in institutional portfolios : Florida retirement system / Jaan Elias, William Goetzmann, Lloyd Baskin. London : Yale School of Management, 2016. 1 online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier SAGE Knowledge. Cases Originally published in Elias, J., Goetzmann, W., & Baskin, L. (2016). Role of Hedge Funds in Institutional Portfolios: Florida Retirement System. 16-016. New Haven, CT: Yale School of Management, Yale University. Retrieved from: https://vol11.cases.som.yale.edu/florida-retirement-system. Institutional Investor magazine put "The Great Hedge Fund Experiment" on the cover of its June 2011 issue. Inside, the magazine described how in little over a decade, state pension funds had gone from considering hedge funds as "too risky and secretive" to embracing them in their asset allocation schemes. The magazine argued the interchange had left both pension funds and hedge funds profoundly changed.For Florida and other state pension systems, any allocation to hedge funds remained controversial, especially after the California Public Employees' Retirement System (CalPERS) decided to close its hedge fund program in 2014. CalPERS's decision reverberated throughout the industry - the New York Times described it as a watershed moment for the hedge fund industry - not only because the pension fund was the nation's largest, but also because CalPERS had actually been one of the first state pension funds to invest in hedge funds in 2002. However in 2014, CalPERS threw in the towel, arguing that hedge funds were too expensive, opaque, and complicated for its money managers. Many analysts agreed. Description based on XML content. elektronické knihy fd186907 czenas electronic books eczenas Institutional Investor (Firm) California. Public Employees' Retirement System. Hedge funds Florida. Pension trusts Florida. Goetzmann, William N., author. Baskin, Lloyd, author. SAGE Knowledge. Cases. SAGE Knowledge https://sk.sagepub.com/cases/hedge-funds-in-institutional-portfolios-florida-retirement-system Plný text SBC EB NEPOSILAT EB