Marketplace Morning Report for Tuesday September 16, 2014
First up, the California Public Employee's Retirement System, better known as Calpers, is the country's largest public pension fund with an enormous $300 billion in assets. So when Calpers acts, investors take notice. Now, Calpers has said it's going to completely shed hedge funds from its portfolio of investments. Plus, it seems like student loan debt will never go away. Well, a new report from the Government Accountability office says, that can actually be the case. We investigate. Also, on Thursday the people of Scotland vote in a crucial referendum. They will decide whether they want to separate from the rest of the UK. Pro-independence campaigners claim that if they do, they’ll each be at least $1600 a year better off. But this rosy scenario is partly based on North Sea oil, whose ownership is up for debate.
First up, the California Public Employee’s Retirement System, better known as Calpers, is the country’s largest public pension fund with an enormous $300 billion in assets. So when Calpers acts, investors take notice. Now, Calpers has said it’s going to completely shed hedge funds from its portfolio of investments. Plus, it seems like student loan debt will never go away. Well, a new report from the Government Accountability office says, that can actually be the case. We investigate. Also, on Thursday the people of Scotland vote in a crucial referendum. They will decide whether they want to separate from the rest of the UK. Pro-independence campaigners claim that if they do, they’ll each be at least $1600 a year better off. But this rosy scenario is partly based on North Sea oil, whose ownership is up for debate.
