What New Jersey Can Learn From Calpers' Chatham Exit

The video discusses CalPERS' decision to exit hedge funds, a process that began in 2014 but has faced delays due to ongoing management of funds by Chatham Asset Management. CalPERS has faced criticism for its investment choices, particularly in American media. The video also provides an overview of Chatham Asset Management, highlighting its background and investment strategies. Finally, it explores why pension funds like CalPERS are moving away from hedge funds, citing high fees, complexity, and diminishing returns as key factors.

What was the main reason for CalPERS' delay in exiting hedge funds?

• High returns from hedge funds

• Management of funds by Chatham Asset Management

• Regulatory restrictions

• Lack of alternative investment options

Who founded Chatham Asset Management?

• Warren Buffett

• Anthony Melchiorri

• George Soros

• Ray Dalio

What type of investments is Chatham Asset Management known for?

• Biotechnology

• Cryptocurrency

• Contrarian bets in legacy media

• Real estate

Why are pension funds like CalPERS moving away from hedge funds?

• Lack of government support

• Better returns in real estate

• Increased market volatility

• High fees and complexity

What was the peak asset value reached by hedge funds in the last two decades?

• $3 trillion

• $2 trillion

• $1 trillion

• $4 trillion