CalPERS’ decision has many nuances
Hedge funds remain a valuable addition to many types of investor portfolios
More than just a bank failure
African Bank's troubles give fund managers pause for thought about the ever-changing dynamics of risk and reward
Timing is everything in enigmatic markets
Vigilance is key for managers and investors as markets reach new highs
The case for cross-pollination
Symbiosis between investor and fund manager is an established attribute of the hedge fund industry that the long-only world is seeking to emulate
Re-setting expectations as momentum drives markets
At some point, markets will again offer hedge funds the opportunity to shine
A new environment requires new thinking
Innovation and creativity are critical as industry moves into new era
A bigger, yet more complex, opportunity set
Emerging environment should bring innovation and, ultimately, growth
Fortune favours the well-informed
What the markets will do in 2014 is anyone's guess, although a shifting global backdrop bodes well for an active approach
Manager choice critical to investing success
Selecting managers wisely and well at the outset must take precedence over all other criteria