Yearly Archives: 2020

2:00PM Water Cooler 7/17/2020

COVID problem states ~ Big donors unbelt for Biden ~ Trump shakes up campaign leadership ~ Politico’s horrid beat sweetener with CIA goon Slotkin ~ Consumer sentiment, construction, rail, employment situation ~ Wirecard shorts ~ Shortages as COVID peaks again ~ COVID data ~ Unbadged Feds bundle Portland protesters into unmarked vans ~ Reddit

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New Study Slams Public Pension Funds’ Alternative Investments as Drag on Performance, Identifies CalPERS as One of the Worst “Negative Alphas”; Shows Folly of CalPERS’ Desperate Plan to Increase Private Equity and Debt and Go Bigger Using Leverage

A new paper shows that public pension fund investment in “alts” like real estate and private equity hurt returns and failed to lower risk.

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