CalPERS Wins "Bad Timing" Award, Unwinds Tail Risk Hedges Weeks Before Coronacrisis Hit
Apr 13th 2020 2:49pm EDT
CalPERS Wins “Bad Timing” Award, Unwinds Tail Risk Hedges Weeks Before Coronacrisis Hit Submitted by Market Crumbs A few weeks ago, news broke that the California Public Employees’ Retirement System (CalPERS) had taken its biggest hit since the financial crisis as a result of the recent market collapse. CalPERS’ fund balance shrunk from $404 billion […]
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