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California Public Employees' Pension Fund Calpers Reduces Holdings in Major Tech Stocks
1 hour ago /
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Author：小编
The $640 billion California Public Employees' Retirement System (Calpers) is reducing its holdings in major U.S. tech companies and increasing its allocations to private equity assets. This move highlights market concerns that the AI-driven rally, which previously propelled U.S. stocks to record highs, may not be sustainable. Anton Orlich, Deputy Chief Investment Officer of Calpers, stated that positions concentrated in the 'Magnificent Seven' have been diversified across hundreds of companies to spread stock risk and reduce portfolio concentration.
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