By Heather Gillers
Calpers' investment chief has added his voice to the chorus of major investors concerned about President Trump's tariff campaign.
The half-billion dollar pension fund, which invests the retirement savings of firefighters, police and other public workers in California, has lost about $15 billion since Wednesday as stocks have cratered.
JPMorgan Chief Executive Jamie Dimon has said levies would slow down the U.S. economy and longtime hedge-fund managers Stanley Druckenmiller, Dan Loeb and Bill Ackman have also spoken out against the tariffs.
"We share the concerns expressed by other investors," Calpers investment chief Stephen Gilmore said in written remarks Monday. He predicted the market turmoil could drag down the pension's June 30 year-end returns. "While we're well-positioned to weather unsettled times, we aren't immune to these market challenges."
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 07, 2025 18:35 ET (22:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。