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Hedge fund exit not about performance: CalPERS CIO

Receading Hedge

The decision by the California Public Employees' Retirement System to leave hedge funds was not meant to send a message about that particular sector, the pension fund's new chief investment officer told CNBC on Wednesday.

Want unlimited vacation ?

Richard Branson

Tired of two weeks vacation a year? Perhaps you should work for Virgin, where boss Richard Branson believes in offering unlimited time off to staff.

BNP 's Chair looks set to step down

BNP Paribas

BNP Paribas Chairman Baudouin Prot plans to step down this week, according to two people with direct knowledge of the decision. He would be at least the second senior banker to resign since the bank’s $8.97 billion fine for violating U.S. sanctions.