Pension Fund Inferno? Calstrs Seeks $30 Billion In Leverage Amid CRE Turmoil (RE Makes Up 17% Of Calstrs Portfolio)

Confounded Interest ^ | 01/07/2024 | Anthony B. Sanders

[Night Hides Not]

The Big Short is also an appropriate book/movie, though that focused on residential real estate.

[mewzilla]

Meanwhile...

https://www.cnbc.com/2023/12/12/us-pension-funds-heavily-invested-in-china-despite-crackdown.html

[citizen]

Yeah, and all too big to fail.

Setting the stage for some states’ & funds’ taxpayer bailouts with the dole-outs hidden in some omnibus bill with a realy cool, friendly sounding name.

[Wuli]

Real Estate is a bad investment for pension plans.

[grey_whiskers]

“I’m telling you, *this is it!*”

Great flick.

[Liaison]

I think they have been bailed out by at least Obama in this first trillion dollar giveWay. Shovel ready jobs where shoveling money it into failing pension plans like CA and I believe Illinois.

[napscoordinator]

California, illinois and New York need to stop sending their revenue to the federal government. That’s where they are getting screwed. Send in a lot and get a little back. They should think about that.

[Chauncey Gardiner]

When you mix “investment” with “politics” you get (you guessed it) politics

[minnesota_bound]

Those that run the pension could tell the democrat party to stop with the high taxes and undermining business and the country.