The CFAC insists on full disclosure from Calpers

The California First Amendment Coalition (CFAC) is calling for more disclosure from the California Public Employees Retirement System (Calpers) in its dealings with hedge funds. Peter Scheer, executive director of CFAC, is demanding basic details disclosed by Calpers and the University of California (UoC). These include the names of hedge funds it has invested in, amounts invested and lengths of time the positions have been held, performance, permitted and actual use of leverage and fees charged by the funds. According to Bloomberg, Calpers has approximately $1bn in hedge funds, and pla...