How The World's Biggest Pension Fund Lost $165 Billion
So much for uncorrelated assets. The results come just months after the fund revamped top management and revised its allocation to focus more on debt.
Recent
A Season When Market Timing Was Everything
One stark statistic in an otherwise flat 2020 focuses on the penalty a "tactical" investor incurred by sitting out the biggest single-day gains.
El-Erian: Cash Is Still King
"I have money on the sidelines and I missed the last rally of the last three weeks. I'm not putting it to work," the Allianz bigwig says.
Apple Is Now 20% Of Berkshire Hathaway
Warren Buffett's Apple stake is now worth an astounding 20% of Berkshire Hathaway's market capitalization. Talk about the tail wagging the dog.
"Poor Old" Howard Marks Fires Back At The Day Traders
Billionaire says younger market operators treating stocks as entertainment "will end in tears." They don't like him either.
LPL Says A Third Of All Senior Clients Sold Out Of Equity
“Incredibly, we saw nearly a third of all investors over 65 years old sell their full equity holdings,” says LPL's senior market strategist.
The Billion-Dollar Question: Where's The Inflation?
Wall Street heavyweights from PIMCO to AllianceBernstein say it’s a problem that’s bound to return, but others like UBS see deflation ahead.
