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09.03 - 10:09
Why Calpers piled into AMC and GameStop but trimmed its stakes in Palantir
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The largest public pension in America recently loaded up on some volatile stocks, invested more in Warren Buffett's firm, and trimmed a position in a slipping software stock.
In the fourth quarter, California Public Employees' Retirement System more than quadrupled investments in AMC Entertainment and GameStop, two high-profile "meme stocks," and dramatically lifted its holdings in Berkshire Hathaway, Buffett's investment firm, and probably the polar opposite of a meme stock. Calpers, as the pension is known, also sliced off...
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