Weekly investor roundup Jan 3: Investing in 2022 a challenge, Calpers CIO says; Kopi Kenangan reaches unicorn status
Calpers CIO Chris Ailman said that the S&P 500 probably won’t come anywhere close to matching the 27% advance it clocked in the past 12 months; Kopi Kenangan, which counts GIC, Li Ka Shing and Eduardo Saverin as backers, reached unicorn status; Korean pensions offloaded $9.2 billion in Samsung Electronics; GPIF prepares for alternatives mandate; and more.
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The chief investment officer of the second-largest US public pension fund said investing in 2022 is going to be challenging. The S&P 500 probably won’t come anywhere close to matching the 27% advance it clocked in the past 12 months, said Chris Ailman of California State Teachers’ Retirement System.
“Historically, I’d expect a very low single-digit year.” Returns typically lag after a few boom years, and the likelihood of a US recession increases if ri…
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