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CalPERS Posts Gain of Just 2.4%
CalPERS (California Public Employees’ Retirement System) posted a profit of just 2.4% for its fiscal year (which ended on June 30) that was well below its 7.5% investment target. This is illustrating...
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CalPERS – Buying the High in Bonds? Oh Boy.
CalPERS, California Pension Plan for government workers, is adopting policies that demonstrate that they are incapable of managing money. They cannot handle the “volatility” in stocks so they are...
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BRICS, Real Estate, & Pensions
QUESTION: Dear Amstrong, Thank you for all the training you have been teaching us for years. Even though I have gone through 3 universities and have special titles in economics and finance, only after...
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Lockdowns Have Pushed Government Pensions Over the Edge
COMMENT: Facing a vicious circle of conflicting demands and priorities, the California Public Employees Retirement System is turning to debt – a risky scheme to borrow billions of dollars in hopes of...
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