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America’s largest pension fund is gambling with risky tech stocks

Sissi Cao  |  November 19, 2020

By Sissi Cao, includes “In a desperate bid to boost return in a time of unprecedented economic uncertainty, the nation’s largest public pension fund is piling in on notoriously risky tech stocks. In the third quarter, California Public Employees’ Retirement System, or CalPERS, which manages $389 billion in assets for more than two million public service employees, bought over half a billion dollar worth of shares of Nikola, Nio, Tesla and Zoom …” 

Read the full article on: The Observer

 
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