CalPERS – XtremeCuztoms

Environmentalist Could Burn California’s Pension Funds

Commentary Sometimes you read an article and you just know it’s going to be highly influential. One just published is, “California’s pension funds are wrecking the planet and losing billions. It’s quite a trick,” by Bill McKibben, a well-known environmentalist, in the Los Angeles Times. He’s pushing California’s Senate Bill 252, by state Sen. Lena…

The California Public Employees Retirement System (CalPERS), the nation’s largest public pension fund and insurer, Genworth Financial, admitted that the personal information of millions of account holders was compromised in a major security breach. A third-party file storage vendor, PBI Research Services, was attacked by Russian hackers after going through a loophole in its MOVEit Transfer…

CalPERS Funding Level Slips Down to 72%

Commentary Markets go up—then down. The California Public Employees Retirement System just learned that lesson the hard way. On Thursday it reported in the 2021-22 fiscal year, which ended on June 30, its funding ratio fell back to 72 percent from 82 percent the previous year, 2020-21. CalPERS’s official announcement read: “Tumultuous global markets played…

CalPERS Funding Level Slips Down to 72 Percent

Netflix Lost $50B in Market Cap, Subscribers Shrink; CalPERS Wants Buffet Out As Chair | NTD Business

Netflix stock tanking — after the company reported losing subscribers in the first quarter. What’s behind the loss? A California Pension fund wants to kick Warren Buffett out of his chairman position, at his own company. What’s the reason? President Biden offering bailouts to nuclear power plants that are struggling financially. It’s part of the clean energy…

Newsom Seeks to Halt State’s Pension Investments in Russia

SACRAMENTO—As tensions rise over Russia’s war with Ukraine, California Gov. Gavin Newsom is seeking to halt the state’s top pension funds investments with Russia. Newsom sent a letter (pdf) on Feb. 28 asking the leaders of the state’s three top pension funds—which jointly hold $970 billion in funds, according to the governor’s office—to halt the…

NTD Business Full Broadcast (Nov. 16)

A strong retail sales report – new government data out today says retail sales surged in October, as American consumers spend more buying products. Walmart and Home Depot report strong quarters, despite supply chain issues and labor shortages. What helped them beat expectations? And one of the biggest pension funds in America is adopting a riskier strategy. Otherwise it…

California Pension Fund Agrees to $2.7 Billion Lawsuit Deal

LOS ANGELES—The nation’s largest public pension fund has agreed to pay up to $2.7 billion to refund policyholders hit with huge hikes in their premiums, it was announced Tuesday. The California Public Employees’ Retirement System, or CalPERS, has agreed to settle a class-action lawsuit over the fee hikes that were imposed on nearly 80,000 people…

XtremeCuztoms

Tag: CalPERS

Environmentalist Could Burn California’s Pension Funds

Millions of Genworth Policyholders and California Pensioners Had Data Stolen in Cyberhack

California Lawmakers Seek to Divest Public Pension Funds From Fossil Fuel