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.

Who founded Chatham Asset Management and what is its significance?

What factors have contributed to the stagnation of hedge fund growth?