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Editorial: Why Calpers kicked the hedgies to the curb
When the California Public Employees Retirement System, the nation’s biggest pension plan by assets, said it would divest its $4 billion in hedge-fund holdings, the decision sent shock waves through Wall Street.
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Crowdfunding firm makes buy
InvestedIn, the crowdfunding technology platform founded by Conejo Valley entrepreneur Alon Goren, has acquired MyNewFinancialAdvisor, a Santa Barbara startup. Together, the firms have created InvestedIn Alpha, which aims to give affluent-but-not-elite investors the chance to buy directly into private-equity funds, hedge funds, venture-capital funds and other vehicles where the minimum investment has often started at Read More →
