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A losing bet on hedge funds cost a huge New York pension $3.8 billion
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    • A losing bet on hedge funds cost a huge New York pension $3.8 billion
    A losing bet on hedge funds cost a huge New York pension $3.8 billion
    The New York State Common Retirement Fund paid $1 billion in fees to hedge funds over the last eight years while the funds underperformed by $2.8 billion.
    Source: www.businessinsider.com
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    The New York State Common Retirement Fund paid $1 billion in fees to hedge funds over the last eight years while the funds underperformed by $2.8 billion.

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