Calpers’ Eliopoulos: Lower 7% Target Is `Reasonable' Move

California Public Employees Retirement System CIO Ted Eliopoulos discusses reducing the fund’s annual investment return it anticipates to 7 percent from 7.5 percent. He speaks on “Bloomberg Markets.” (Source: Bloomberg)

Buffett Renews Criticism of Hedge Funds in Annual Letter
36:18 - In his annual letter to Berkshire Hathaway shareholders, Warren Buffett wrote at length about a point he's been highlighting for more than a decade: the hefty fees charged by hedge funds and the benefits their reaping at the expense of clients. Bloomberg's Ramy Inocencio reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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