Calpers May Be Doing Wrong Thing at Wrong Time: Gabelli

The transcript discusses CalPERS' decision to exit hedge funds, evaluating the performance and fees associated with hedge funds compared to traditional investments. It questions the effectiveness of hedge funds in institutional portfolios and explores the impact of market conditions on hedge fund performance. The discussion also touches on the diversification value of hedge funds and insights from industry experts like Matthew Levine and Michael Steinhardt.

What are the implications of CalPERS investing in hedge funds according to the text?

How does the performance of hedge funds compare to traditional investments based on the discussion?

What factors should be considered when evaluating the success of hedge funds?

Discuss the potential risks associated with investing in hedge funds as mentioned in the text.

What does Matthew Levine suggest about the diversification value of hedge funds?