It would be easy to go ballistic over this article from CNBC on bonus payments at CalPERS. As its investment portfolio was losing nearly a quarter of its value, the country’s largest public pension fund doled out six-figure bonuses and substantial raises to its top employees, an analysis by The Associated Press has found. Board […]
Posts Tagged ‘CALPERS’
Calpers To Go All In On Risk
Posted by Tom Lindmark on July 24th, 2009
I don’t see any reason that this shouldn’t work out well. Calpers, the giant California pension fund, is planning to make up some rather substantial losses by increasing its portfolio allocation to the investment sectors that were chiefly responsible for the losses. Got that? From the NYT: The fund, known as Calpers, lost nearly $60 […]
Lennar Picks Calpers Pockets
Posted by Tom Lindmark on March 19th, 2009
Let’s see if this one gets by the politicians. It has all the earmarks of something that will make their blood boil. The WSJ is reporting that home builder, Lennar, is close to getting its hands on some land that it sold at the height of the market. In a smart move they sold their […]