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Calpers reviews its hedge fund strategy

After ten years of hedge fund investing, CalPERS is taking stock of its portfolio — with CIO Joseph Dear leading the charge.

By Amanda Cantrell
May 31, 2012
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Joseph Dear: Paying for beta in a hedge fund is not a smart strategy (Photographs by Lisa Weisman)

Joseph Dear has one of the highest-profile investing jobs in the world—and one of the hardest.

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