Possible scenario
Pension Herding
25% Chance
Other large public pensions interpret CalPERS' decision as a signal that public-equity concentration risk has become too high. Consultants and investment committees recommend modestly higher allocations to private equity, private credit and secondaries.
Secondary impacts
- Technology -0.4%
- Finance +0.2%
- Business Services +0.1%
Tickers
- NVDA-0.6%
- BX+0.4%
- KKR+0.4%
- -0.3%
Portfolio impact
S&P 500-0.1%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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