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Elon Musk Slams Public Pension Fund Over Compensation Package Vote: 'CalPERS Broke The Deal' (UPDATED)
Thursday, May 30, 2024 - 1:55am | 680Editor’s note: This story has been updated with Musk’s latest comments. Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk on Wednesday slammed California Public Employees' Retirement System (CalPERS) for their decision to vote against his rescinded 2018 pay package ahead of the...
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Tesla, Apple, And Other Big Techs: How Largest US Pension Fund Shuffled Its Portfolio In Q4
Monday, February 13, 2023 - 9:01am | 575California Public Employees’ Retirement System, aka CalPERS, the biggest pension fund in the U.S., recently filed its 13F for the fourth quarter ended Dec. 30, with the SEC. Tech Buying Binge: Capitalizing on the steep pullback in tech stocks in the fourth quarter, CalPERS bulked up on many...
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Tesla, Apple Stocks Picked Up By Biggest US Public Pension Fund In Q3: Here's What It Offloaded
Monday, November 14, 2022 - 8:03am | 451The California Public Employees’ Retirement System, or CalPERS as it is widely known, loaded up on shares of Tesla Inc (NASDAQ: TSLA) and Apple Inc (NASDAQ: AAPL) during the third quarter, according to its SEC filings. The largest public...
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Largest US Pension Fund With Apple As Top Holding Posts First Annual Loss Since 2009 Financial Crisis
Friday, July 22, 2022 - 12:54am | 408California Public Employees' Retirement System (CalPERS) has posted a loss for the fiscal year 2021-22, the biggest U.S. pension fund said in a statement. What Happened: On a preliminary basis, the fund generated a net return of a negative 6% on its investments for the 12-month...
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Largest US Pension Fund Sold FAANG Stocks In Q1: Which Chip Stock Did It Buy Instead?
Thursday, May 5, 2022 - 1:53pm | 693The largest pension fund in the U.S. reduced its FAANG holdings in the first quarter amid the tech rout at the start of the year, the 13-F filed with the SEC late Wednesday revealed. FAANG Loses Favor: The California Public Employees' Retirement System, aka CalPERS, sold shares in all...
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California's Pension Fund Saw $700M Go Up In Smoke Following Earnings-Triggered Sell-Off In Netflix
Thursday, April 21, 2022 - 7:14am | 439Netflix, Inc. (NASDAQ: NFLX) shares suffered a bloodbath on Wednesday, having shed over 35% in a single session, following its disappointing quarterly results and weak guidance. One of the largest U.S. pension funds, which held a chunk of the streaming giant's shares, incurred a massive loss...
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Largest US State Pension Fund To Vote For Removing Warren Buffett As Berkshire Chairman
Thursday, April 21, 2022 - 4:56am | 470The largest state public pension fund in the U.S. has sided with a minority shareholder, which has sponsored a proposal to remove Warren Buffett from the post of chairman of the board of Berkshire Hathaway, Inc. (NYSE: BRK-A) (NYSE: BRK-B). What Happened: The California Public Employees'...
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Largest US Pension Fund Trimmed Positions In Apple, Facebook, Google, Tesla In Q2 And Loaded Up Heavily On These 2 Stocks
Thursday, August 19, 2021 - 5:51am | 742California Public Employees’ Retirement System sharply raised its exposure in retail giant Walmart Inc (NYSE: WMT) and adjusted positions in Tesla Inc (NASDAQ: TSLA) and the so-called FAANG stocks in the second quarter, regulatory filings showed. The Trades: The largest U.S. pension fund...
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Tesla, Nio, Nikola, Zoom — Stocks The Largest US Pension Fund Is Betting On
Monday, November 16, 2020 - 5:52am | 463California Public Employees Retirement System (CalPERS), the largest public pension fund in the United States by assets, has increased its exposure to stocks of Nio Inc (NYSE: NIO), Nikola Corporation (NASDAQ: NKLA), and Zoom Video Communications Inc (NASDAQ: ZM), the fund disclosed in a form filed...
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Coal Dealt Another Heavy Blow In California
Thursday, September 3, 2015 - 10:03am | 385The bad news continued for the coal industry on Wednesday as the California Assembly passed a bill that would require the states pension funds CalPers and CalSTRS to liquidate their investments in coal companies. The two public employee pension funds manage a combined $476 billion in assets....
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CalPERS Desperately Needs to Embrace ETFs
Wednesday, July 17, 2013 - 2:49pm | 931The investment community seems to be aflutter over the fact that the California Public Employees' Retirement System (CalPERS) posted strong returns for its most recent fiscal year and is embracing passively managed investment products. CalPERS, the $262 billion pension fund responsible for...
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Jefferies Maintains Buy Rating For MHS
Thursday, March 17, 2011 - 7:45am | 111Jefferies has published a report regarding Medco Health Solutions' (NYSE: MHS) Rating after the loss of the CalPERS contract. In the report Jefferies writes, "We believe that the loss of MHS's CalPERS contract will adversely impact FY12 EPS by ~0.07, a minuscule amount relative to MHS's projected...
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Calpers Looking To Invest More In Private Equity
Friday, October 30, 2009 - 10:55am | 56Calpers looking to invest more in private equity versus the global markets. Calpers says it can achieve approximately 3% more in return from private equity versus the stock market. Calpers is looking to lower the fees and conditions that Apollo Management (Nasdaq: APOL) charges them. Calpers has $...