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(MSN)   World's largest pension fund loses a record $165bil in the Worst Quarter Ever. Forced retirements rising like the sun   (msn.com) divider line
    More: Scary, Investment, world's biggest pension fund, fiscal year, Japan's Government Pension Investment Fund, record loss, Pension fund, low-yield environment, asset allocation  
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2005 clicks; posted to Business » on 03 Jul 2020 at 5:40 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



16 Comments     (+0 »)
 
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2020-07-03 6:42:08 PM  
Stocks go up, they go down. You can't explain that.
 
2020-07-03 7:07:14 PM  
You mean Paul Ryan's plan to privatize Social Security was bought by the Japanese?
 
2020-07-03 7:14:52 PM  
For the quarter ending March 31, 2020.

Since then the Dow is up 18% and the Nikkei is up nearly 14%.

So we'll see the opposite of this article in three months.
 
2020-07-03 7:52:12 PM  
When I was in graduate school inn Arizona, the bond market took a dive and the idiots running the teachers pension fund decided to sell all of their bonds, realizing a $600 million loss.  Two years later the bond market had recovered, but none of the people that had been running the fund were still employed by the fund.
 
2020-07-03 9:04:37 PM  

Moopy Mac: For the quarter ending March 31, 2020.

Since then the Dow is up 18% and the Nikkei is up nearly 14%.

So we'll see the opposite of this article in three months.


Not on here, of course.
 
2020-07-03 9:33:24 PM  
That sucks.
 
2020-07-04 12:54:01 AM  
I sure hope the government which is well known for its ability to handle money will take care of me.

401k FTW
 
2020-07-04 8:53:50 AM  
Jesus, what did they do, buy "AAA-rated" mortgage-backed securities from Goldman-Sachs again? Don't do that, they're crooks, everyone knows that.
 
2020-07-04 9:44:40 AM  

Nick Nostril: Jesus, what did they do, buy "AAA-rated" mortgage-backed securities from Goldman-Sachs again? Don't do that, they're crooks, everyone knows that.


See, there is a worldwide pandemic which has roiled the equity markets. It's been in the news.
 
2020-07-04 10:55:23 AM  

Moopy Mac: Nick Nostril: Jesus, what did they do, buy "AAA-rated" mortgage-backed securities from Goldman-Sachs again? Don't do that, they're crooks, everyone knows that.

See, there is a worldwide pandemic which has roiled the equity markets. It's been in the news.


Did they actually lose money, or their investments bounced like everyone else's?
Pension fund managers need to be calm, logical, and risk-averse.
If they held the investment, they should recover in a year or two, and can have the government chip in some extra money every year to ensure the health of the fund.
Even if CALPERS lost $600 million it would suck but it wouldn't bankrupt the fund.
 
2020-07-04 11:13:10 AM  

Moopy Mac: For the quarter ending March 31, 2020.

Since then the Dow is up 18% and the Nikkei is up nearly 14%.

So we'll see the opposite of this article in three months.


Did they sell, Mortimer, sell? I was told you should always sell, Mortimer, sell whenever prices tank.
 
2020-07-04 11:13:17 AM  

Moopy Mac: Nick Nostril: Jesus, what did they do, buy "AAA-rated" mortgage-backed securities from Goldman-Sachs again? Don't do that, they're crooks, everyone knows that.

See, there is a worldwide pandemic which has roiled the equity markets. It's been in the news.


I thought I heard something about that.

/ my jab at G-S still stands
// forever and ever
 
2020-07-04 12:55:25 PM  

Northern: Moopy Mac: Nick Nostril: Jesus, what did they do, buy "AAA-rated" mortgage-backed securities from Goldman-Sachs again? Don't do that, they're crooks, everyone knows that.

See, there is a worldwide pandemic which has roiled the equity markets. It's been in the news.

Did they actually lose money, or their investments bounced like everyone else's?
Pension fund managers need to be calm, logical, and risk-averse.
If they held the investment, they should recover in a year or two, and can have the government chip in some extra money every year to ensure the health of the fund.
Even if CALPERS lost $600 million it would suck but it wouldn't bankrupt the fund.


The largest Japanese pension fund? I think they may have aong term investment strategy in place.
 
2020-07-04 3:31:12 PM  

Northern: Moopy Mac: Nick Nostril: Jesus, what did they do, buy "AAA-rated" mortgage-backed securities from Goldman-Sachs again? Don't do that, they're crooks, everyone knows that.

See, there is a worldwide pandemic which has roiled the equity markets. It's been in the news.

Did they actually lose money, or their investments bounced like everyone else's?
Pension fund managers need to be calm, logical, and risk-averse.
If they held the investment, they should recover in a year or two, and can have the government chip in some extra money every year to ensure the health of the fund.
Even if CALPERS lost $600 million it would suck but it wouldn't bankrupt the fund.


Northern: Moopy Mac: Nick Nostril: Jesus, what did they do, buy "AAA-rated" mortgage-backed securities from Goldman-Sachs again? Don't do that, they're crooks, everyone knows that.

See, there is a worldwide pandemic which has roiled the equity markets. It's been in the news.

Did they actually lose money, or their investments bounced like everyone else's?
Pension fund managers need to be calm, logical, and risk-averse.
If they held the investment, they should recover in a year or two, and can have the government chip in some extra money every year to ensure the health of the fund.
Even if CALPERS lost $600 million it would suck but it wouldn't bankrupt the fund.


TFA indicates they rode the train down without selling. For actuarial purposes, the fund is marked to market.As long as they hang on, they should recover most of it.
 
2020-07-04 3:42:32 PM  

Moopy Mac: Northern: Moopy Mac: Nick Nostril: Jesus, what did they do, buy "AAA-rated" mortgage-backed securities from Goldman-Sachs again? Don't do that, they're crooks, everyone knows that.

See, there is a worldwide pandemic which has roiled the equity markets. It's been in the news.

Did they actually lose money, or their investments bounced like everyone else's?
Pension fund managers need to be calm, logical, and risk-averse.
If they held the investment, they should recover in a year or two, and can have the government chip in some extra money every year to ensure the health of the fund.
Even if CALPERS lost $600 million it would suck but it wouldn't bankrupt the fund.

The largest Japanese pension fund? I think they may have aong term investment strategy in place.


Exactly.  I wonder if the actually realized losses or this is another alarmist article.
 
2020-07-04 10:48:40 PM  

Nick Nostril: Jesus, what did they do, buy "AAA-rated" mortgage-backed securities from Goldman-Sachs again? Don't do that, they're crooks, everyone knows that.


MBS aren't equities, and they lost their shirt on equities
 
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