Economy
Pensions Ponzi: CALPERS Is Now A Hedge Fund?
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from WallStForMainSt:
Pensions Ponzi: CALPERS Is Now A Hedge Fund?
VIDEO:
Jason talks about the news that has come out in the last few weeks about how the US’ largest pension fund, CALPERS, is now planning on leveraging up 20% of its total assets (or around $80 billion) and then also using the dangerous risk parity hedge fund trading strategy that billionaire hedge fund manager Ray Dalio invented. The global pension fund crisis is now around $400 trillion in total shortfalls: Pension Crisis Escalating to Dangerous $400 Trillion Level https://www.newsmax.com/finance/peter…
