Tag Archives: shortfall
Calpers Hopes Riskier Bets Will Restore Its Health
Javno – Calpers lost nearly $60 billion in the financial markets last year, which means it has a serious long-term shortfall. Joseph A. Dear, the fund’s new invesment head, thinks the cure is in hedge funds and beaten-down private equity. […]
Goldman says partners hit by margin calls
Reuters – Goldman Sachs Group Inc said several partners must cover margin calls triggered by the depressed value of Goldman stock and many of the firm’s hedge funds, but the bank denied it is lending money to its executives. "Partners […]
