I've told all my friends in the public sector this for years, but it's getting a lot worse:
The CIO Yu (Ben) Meng was a member of the "10,000 Talents" program and is supposedly into a ton of dubious ChiCom investments.
Get out today. Move it into a 403(b) NOW.
CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund | naked capitalism
CalPERS latches on to new, really bad investment ideas.
www.nakedcapitalism.com
Why CalPERS, the country’s largest pension fund, is getting into banking
How does the nation’s biggest public pension system pay down its debts amid a global economic collapse? One idea: Become a banker.
www.ocregister.com
The CIO Yu (Ben) Meng was a member of the "10,000 Talents" program and is supposedly into a ton of dubious ChiCom investments.
Get out today. Move it into a 403(b) NOW.