pension funds

Europe's largest pension fund sold out of its stake in electric vehicle company Tesla Inc (NASDAQ:TSLA) during the third quarter, missing out on future gains and all-time highs hit after the 2024 election. What Happened: Stichting Pensioenfonds ABP sold its entire stake in Tesla in the third...

Major U.S. pension funds are making noticeable shifts in their investment allocations, moving away from equities and increasing their stakes in private equity and real estate. Notable among these is the California Public Employees' Retirement System (CalPERS), which manages pension and health...

In his influential annual letter, BlackRock Inc. (NYSE:BLK) CEO Larry Fink emphasized the urgency of addressing the “retirement crisis” looming over the global population. With medical advancements extending life expectancy, Fink argued, the strategies for retirement savings and...

Amid escalating geopolitical tensions and ongoing restrictions, major U.S. institutional investors are persisting with their funding of investments in China and Hong Kong. What Happened: CNBC reported on Dec. 12, 2023, that a study conducted by the non-partisan trade organization, Future Union, has...

The U.S. Securities and Exchange Commission (SEC) is set to propose rule changes that would make it harder for crypto firms to be designated as "qualified custodians," Bloomberg reported. The new rules would allow crypto firms to hold client assets for money managers. While the proposed...

The 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...

The New York State Teachers’ Retirement System, one of the largest public pension funds in the United States, has piled on shares of Tesla Inc (NASDAQ: TSLA) and Charles Schwab Corporation (NYSE: SCHW), according to filings made with the U.S. Securities and Exchange Commission.  What...

The State Teachers Retirement System of Ohio, or STRS Ohio, offloaded some Tesla Inc (NASDAQ: TSLA) and Apple Inc (NASDAQ: AAPL) shares and snapped up more of General Motors Company (NYSE: GM) and Alibaba Group Holding Ltd- ADR (NYSE: BABA) in the third quarter, Barron's reported. What...

California 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...

ETF providers are continually seeking out innovative strategies to offer investors compelling overseas investment opportunities.  That theme has never been more prevalent than with the Chinese markets, where restrictions on foreign investment can limit growth. To solve this problem,...

The previous governor of Michigan should have placed Detroit in bankruptcy years ago, according to Reuters financial blogger Cate Long. “It was a really bad move to let it fester as long as it did,” she told Benzinga. Long writes about retail fixed income markets, including...

Two recent news stories about Facebook (NASDAQ: FB) continued to unfold Thursday as company shares slid up to 5.3 percent in premarket trading. Closing price Wednesday was $55.57 per share. The first story, reported by Reuters late Wednesday, was that CEO Mark Zuckerberg and a number of banks...

As reported in the Financial Times, Chinese officials were using the government shutdown in the United States to push for greater usage of the Chinese currency, the yuan, as a monetary unit for the settlement of transactions around the world. A major part of the lobbying effort pointed to the...