There’s already too much money chasing too few assets and yet even the most sober investors seem ready to add to the problem.
Calpers, the $495 billion California public-employee pension fund, is planning to put more money into chasing returns by taking on debt worth up to 5% of its fund value — or roughly $25 billion — to plow into financial assets. It is doing this because it can’t see another way of hitting its long-term return target of 6.8% to meet its promised payouts.
"danger" - Google News
November 25, 2021 at 02:00PM
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Even Investing Giant Calpers Is Taking on More Debt to Make a Buck - Bloomberg
"danger" - Google News
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