Why Calpers Decided to Divest $4B From Hedge Funds

Sept. 16 (Bloomberg) -- The California Public Employees’ Retirement System’s decision to divest its entire $4 billion from hedge funds came after officials concluded the program couldn’t be expanded enough to justify the costs. Agecroft Partners’ Don Steinbrugge, San Jose Police and Fire Department Retirement Plan’s Sean Bill and Bloomberg Businessweek’s Sheelah Kolhatkar speak on “Street Smart.” (Source: Bloomberg)

Exchange Income CEO Fights Back Against Short Seller
57:17 - Exchange Income released its second-quarter results three weeks in advance in order to dispel some of the negative sentiment after short-seller Marc Cohodes targets the company. Double-digit earnings and revenue growth, however, weren’t enough to soothe investors. CEO Mike Pyle joins Bloomberg TV Canada's Lily Jamali to defend his company from short sellers' claims. (Source: Bloomberg)
  • Inflation Paves Way for More Canada Rate Hikes
  • Bloomberg Markets: The Trump Economy 7/21
  • Lyft Outlines Self-Driving Car Plans