- Calpers trims its real estate holdings with a $3 billion sale, representing 10% of the pension giant's holdings. Part of a broader effort to simplify portfolio holdings and reduce fees.
- The SEC has cracked down on adviser for allegedly convincing unsophisticated investors to invest in private companies owned by the adviser. Many of the investors are Amish, and have limited investing experience. Accused of bilking $3.9 million from at least 70 novice investors
- Treasury Inflation-Protected Securities (TIPS) have been lousy performers, and that isn't likely to change anytime soon. The downside of hedging inflation when there's no inflation in sight
- No friend of home ownership, and calling it financial suicide. Seems a little harsh, but perennial renters will be that way. Housing is not an investment
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Calpers makes another move away from pricey investments by trimming real estate exposure
Plus: SEC charges an adviser with ripping off the Amish, TIPS are not getting it done, and the case for renting over owning a house
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