The main state-employee pension fund has recovered significantly from the coronavirus-linked stock market sell-off back in March, according to State Comptroller Thomas P. DiNapoli.
California Public Employees Retirement System (CalPERS), the largest public pension fund in the United States by assets, has increased its exposure to stocks of Nio Inc, Nikola Corporation, and Zoom Video, the fund disclosed in a form filed with the U.S. Securities and Exchange Commission.
Competing visions of the SEC mission have driven a pronounced split between Democratic and Republican members. A rebalancing of power on the Commission under a new presidential administration is likely to refocus future rulemaking to emphasize investor protection.