America's largest pension fund, the California Public Employees' Retirement System (CalPERS), has made the decision top opt out of hedge funds. It's reported that CalPERS made the "ditch decision" in respect of about $4 million in hedge fund investments, because managing these funds had become too cumbersome and too expensive. Despite the controversy surrounding this drastic decision, in all honesty, the performance of hedge funds has more or less taken a downward turn on the stock market. More on their decision can be found at http://money.cnn.com/2014/09/16/investing/calpers-hedge-fund-exit/index.html What do you think about CalPERS' decision? Are you in support? Or do you think they could have "waited it out" a little bit more?