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Posted on: Sept. 29, 2022, 10:31 a.m.
Recession fears raise risks for California's public pension funds. : Vladimir Putin’s invasion of Ukraine was shock enough for pension funds holding Russian assets, suddenly worth little. Then, the prolonged conflict and lingering pandemic drove inflation to heights not seen in 40 years — raising interest rates and putting an end to a decade-long bull run in stocks, the biggest driver of pension fund gains. Full investment news articleRelevent to this post: State Administration of Foreign Exchange New York University Endowment,