CalPERS Board Votes to Increase Portfolio Leverage, Maintain 6.8% Discount Rate
The move is indicative of increasing risk-taking among pension funds across the country.
News
Norway’s KLP Divests From Producers of Controversial Weapons
General Dynamics, Raytheon, and Rolls Royce are among 14 firms excluded by Norway’s largest pension fund.
Surprise: Retail Sales Climbed Last Month
It could just be pre-holiday buying to get ahead of the goods shortages, but the market is pleased.
Quant Hedge Fund Icon AQR Cuts Back as Investors Exit
Amid a laggard spell for these sophisticated math-centric firms, Cliff Asness’ shop has had a particularly tough time.
Siegel: Fed Will Hike Rates Soon, Slamming Stocks
The longtime market bull warns that inflation will bring tighter policy and end the equities party.
Why Is Johnson & Johnson Splitting Into Two Companies?
The conglomerate will be separating its consumer products from its pharmaceutical drugs and medical devices.
CalSTRS New Headquarters Construction Delayed
The setback is expected to cost the pension between $15 million to $21 million.
Why Is Elon Musk Really Dumping Tesla Stock?
He wins popularity with the Twitter crowd, but don’t think he is making any sacrifice here.
Bubble, Bubble: How Bad Will the Bull Market’s Demise Be?
With the market at a record, thoughts of the abyss are rife. Richard Bernstein lays out this dreary view.
CDPQ Invests in M3 Mortgage Group
The Canadian institutional investor has almost 10% of its portfolio invested in real estate.
CalSTRS Expected to Hit Full Funding Five Years Ahead of Schedule
This year’s returns were great, but the pension has been struggling with its funded level for two decades.
How Stock Investors Can Play the Supply Chain Snarl
JPM has a list of companies it says are holding up and should be ready to rock later.
UK Pension Plans Lag Behind in Climate Change Plans
The availability of climate-related data can be a significant issue for trustees.
New York State Common Retirement Still Holds Boeing Stock, Despite Lawsuit
The fund, which just received a settlement as a result of the litigation, currently has $216 million invested in the aerospace company.
The Race Is On: Brainard Emerges as Powell Re-Up Rival
The White House interviews the Democratic economist for Fed chair, setting up a two-person contest.