CalPERS Appoints Nicole Musicco as Chief Investment Officer
Her background includes private investment firm RedBird Capital Partners and the Ontario Teachers’ Pension Plan.
News
How Russia’s Military Move Roils Markets
Stocks oscillate as oil shoots up, with more wildness expected ahead.
Spinoff City: More Companies Should Shed Subsidiaries, Says Goldman
Divesting noncore units is a good way to boost lagging profit margins, the firm declares.
NY Pension Calls on Firms to Report Abuse, Harassment, Discrimination
Tesla, Starbucks, and Activision Blizzard have been targeted by the $279.7 billion New York State Common Retirement Fund.
Cathie Wood Lashes Out at ETF Dedicated to Shorting Her
The disruption queen now has an arch-nemesis rooting for her failure.
New York Common Calls on Tesla to Disclose Spending on Discrimination Complaints
The pension made the move after a racial discrimination lawsuit led to a $130 million verdict in punitive damages.
Rising Crypto-Equity Correlation Raises Bitcoin Stability Concerns
Am IMF report warns increasing crypto correlation with stocks limits its diversification benefits and increases volatility.
Ukraine Tensions Renew a Market Slide
After two up days as hope flourished about a resolution, the S&P 500 slips 1.4%.
Venture Capital Is Booming, But for How Much Longer?
With the stock market down, the VC gorge-fest could pull back in 2022, PitchBook warns.
Japanese Pension Giant Returns 2.81% in Q3 2021
The world’s largest pension fund earned over $47 billion for the quarter to raise its asset value to nearly $1.73 trillion.
Sean Bill, CIO of Santa Clara Valley Transportation Authority, to Retire in March
He will be taking a new position as chief investment officer of Bay Area private credit fund Prime Meridian Capital Management.
PSP Investments’ President and CEO to Retire
Neil Cunningham will step down at the end of March 2023 after more than 19 years with the firm and five years at the helm.
Private Equity Drove CalPERS’ Strong Q4 2021 Returns
The pension fund reported 1.2% returns over its benchmark for calendar year 2021.
Just How Would a Ukraine War Affect Stocks?
History says it wouldn’t be so bad, per LPL’s Detrick—but his stats show it’s worse when the US ends up in a conflict.
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