The city’s five pension plans are major stockholders in the company that is escaping from New York.
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The tech giant’s Q1 sales warning sends Norway’s Government Pension Fund Global’s near $10 billion investment for a loop.
Letter calls for tech giant to offer parents more tools to curb children’s “screen” behavior.
The billionaire investor urged the company to repurchase shares now using its $113 billion cash pile.
Retirement system also met or surpassed yardstick for three, five, and 10 years.
Meanwhile, plan is winding down its money-losing in-state private equity program.
So says UBS’s chief, as the Fed, the ECB, and other central banks eye easing.