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Press Releases

RELEASE: Hedge Funds Under-perform and Prove Costly for University of California

Oakland: The University of California’s twelve-year experiment with Hedge Fund Investments has fallen far short of the expectations on which they were sold--costing the system nearly a billion dollars in performance and management fees for returns that largely mirrored the stock market, according to a new study by the UC system’s largest employee union, AFSCME Local 3299. ...

March 1, 2016

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