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“Smart money” is doubling down on private equity - but are private investors missing out?

“Smart money” is doubling down on private equity - but are private investors missing out?

In July, the largest US public pension fund CalPERS (California Public Employees’ Retirement System) announced its best set of results in four years. It also bulked up its investments in private equity – companies not listed on a public stock exchange – upping the allocation to nearly 18% of its mammoth $556.2 billion portfolio.

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