The recent news that Calpers is demanding more transparency from its money managers is sure to spark at trend with not only pension plans but all institutional investors around the world. If it is good enough for them, well, it should be good enough for all – right? Wrong! Transparency is nothing more then a fool’s errand. It does not make a manager or investment less risky, it is not something that takes the place of due diligence – it just something people demand in the never ending game of CYA that is played in board rooms around the world. To read the Calpers story click here. The reason is simple – people don’t know what to do with all the data.
Transparency is just one of many topics we will be covering at HEDGEAnswers on February 16h at 10 am. Register today to get in on the discussion. Click Here For More Info.