Newsmakers
CalPERS Equity Portfolio Edges Out S&P 500 Returns in Q4 2022
CalPERS’ equity portfolio returned 7.92% in the fourth quarter of 2022, eclipsing the S&P 500 performance by 84 basis points.
Tag: Elon Musk
Newsmakers
New York State Teachers’ Posts Strong Q4 Equity Returns
The retirement system finished 2022 with its equity holding total at $40.69 billion, up from $38.46 billion the previous period.
Newsmakers
You Thought Musk’s Twitter Quest Was Iffy? Check Out These New Snags
Spawning more doubts: the shortfall on its stock price, a federal probe and a pension program lawsuit.
Newsmakers
Why Share Splits Are Hot in a Cold Market
Turns out splitting helps a stock’s price: Cue Amazon, Alphabet, and Tesla.
Newsmakers
Japan’s GPIF Seeks Data on Effect of Securities-Lending Suspension
The $1.73 trillion pension giant has issued a request for information regarding its 2019 decision to stop lending securities to short sellers.
Think Before You Tweet: Charges Against Milton Should Be a Warning
The Nikola founder could face decades in prison for allegedly false, misleading Twitter posts.
Asset Allocation
Some Institutions Call Crypto Rat Poison, but Others Are Buying the Currency
Bitcoin bolster: Asset allocators seem to be fueling digital money’s recovery from its recent crash.
How Did Ken Griffin Get to Be Such a Big Deal?
His hedge fund firm, Citadel, has thrived for the past 30 years, thanks to his data-driven zeal—and an early start. Way early.
Alternatives
A Crypto Crackdown? Yardeni Sees One Coming
The economist joins numerous government leaders these days who want to regulate or ban the digital currency.
Alternatives
The Weird Reason Gold Will Head Still Higher
Oddly, ETFs that track the yellow metal aren’t gaining new money, a paradoxical bullish sign, says market sage.
Market Moves
How David Einhorn Is Betting on Higher Inflation
Hedge fund chief thinks a small amount of inflation is coming, so he goes for TIPS derivatives, among other plays.
Asset Management Culture
Tesla Recruits Former CIO of $1.5 Trillion Japanese Pension Fund GPIF
Hiromichi Mizuno joins Tesla to serve the board as an independent director and on its audit committee.
Market Moves
Japanese Pension Giant GPIF Suspends Stock Lending for Short Selling
World’s largest retirement fund says practice is ‘inconsistent’ with stewardship duties.
Asset Allocation
Ontario Teachers’ Blasting Off with SpaceX
Canadian pension fund interested in Elon Musk’s rocket business, in particular its Starlink satellite network project.
Newsmakers
Tesla Comes Out on Top Despite SEC Suit, Musk’s Board Resignation
The SEC Twitter scandal looked like a nail in Tesla’s coffin, but a swift settlement surged shares and will see the automaker remain CEO at the expense of his chairman gig and a $40 million payment.