Hedge funds work for $3B foundations but fail for $300B public pensions
Roz Hewsenian · Roz Hewsenian –Helmsley Trust's Chief of People and Process (Capital Allocators, EP.63) · Aug 6, 2018 · at 25:11
Roz Hewsenian, CIO of the Helmsley Charitable Trust and former consultant to CalPERS, explains scale constraints in institutional investing.
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“If you're a three billion dollar foundation, hedge funds can work for you. When you're a three hundred billion dollar governmental pension funds, not so much. Context is everything.”
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