Category: Pension

$240 Billion Pension Fund Just Issued a Grim Warning About the Stock Market
Billion, Crypto, Pension

$240 Billion Pension Fund Just Issued a Grim Warning About the Stock Market

  • July 2, 2020
  • Comments are closed

The chief investment officer of CalSTRS is planning to sell stocks for the remainder of 2020. Institutional investors are worried about the disconnect between the ‘V-shaped’ stock market and the ‘W-shaped’ economic recovery. Equity markets are coming off their best quarter in decades, though gains slowed substantially in June. One of America’s largest pension funds…

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GE Pension Failure Could Send Investors into Arms of Bitcoin
Crypto, Failure, Pension

GE Pension Failure Could Send Investors into Arms of Bitcoin

  • October 8, 2019
  • Comments are closed

General Electric (GE) has decided to freeze its pension plan, removing two of the key features that have come to be associated with retirement savings – secure and guaranteed – for tens of thousands of employees. GE isn’t the first company to pull the plug, but as one of the oldest traditional companies in corporate…

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