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 [...]
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 [...]
Just the first of many lawsuits of this type that will be coming down the pike but this one has some rich irony to it. Calpers, the California retirement system manager, has filed suit against Moody’s, Standard & Poors and Fitch claiming that they are responsible for over $1 billion of losses it incurred in [...]
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 [...]
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