My retirement

[chico2663]

Why on earth is the state of ky retirement the second largest shareholder in the Russian bank sberbank?
They dropped it from 13 million to 778,000. Now we know why he is called Moscow Mitch.

[Jayvegas420]

Thank God my pension is backed by BetPoints

[pavyracer]

Find out who advised them to buy that stock. They make money on commisiions.

[jjgold]

[DiggityDaggityDo]

JJ Knows

[KVB]

Why on earth is the state of ky retirement the second largest shareholder in the Russian bank sberbank?
They dropped it from 13 million to 778,000. Now we know why he is called Moscow Mitch.

Dayam Chico, they couldn't find local investmets and bonds?

Fawk.

[KVB]

Thank God my pension is backed by BetPoints

[Chi_archie]

sounds like fake news

[KVB]

Why on earth is the state of ky retirement the second largest shareholder in the Russian bank sberbank?
They dropped it from 13 million to 778,000. Now we know why he is called Moscow Mitch.

Good news is that it's not true that the state of KY is the seconds largest shareholder, that was just fake news.

The retirement fund lost 3.2 million since buying in in March of 2017.

They invested $15.6 million and sold it for $12.4 million.

It was social media fake news that the investement was reduced to less than 1 mllion.

Sberbank did avoid sanctions, I believe, but did pull out of the European market, tanking it's shares.

The Teacher Retirement Fund of Kentucky has a 26 Billion dollar portfolio.

This was nothing, really.

[KVB]

sounds like fake news

You are correct.

[KVB]

It's also important to note that they sold the invesmtents the day before Russia invaded.

That kinda makes a big difference as it was before the 95 percent drop in price.

Kinda.

[KVB]

Connecticut is going to do the same. They have about $218 million in sate pension investments in Russian owned assets.

They will sell.

[Tanko]

It's also important to note that they sold the invesmtents the day before Russia invaded.

That kinda makes a big difference as it was before the 95 percent drop in price.

Kinda.

Hmmmmm..... Could Mitch have made a "opportune" call to the fund after receiving an intelligence briefing.

[KVB]

...Sberbank did avoid sanctions, I believe...

This is wrong, Sberbank was definitely hit with sanctions.

[KVB]

Hmmmmm..... Could Mitch have made a "opportune" call to the fund after receiving an intelligence briefing.

He must have know something about the potential sanctions on the table.

It's hard to tell.

I would imagine a lot of states are looking at their pension funds right about now.

[DiggityDaggityDo]

Hmmmmm..... Could Mitch have made a "opportune" call to the fund after receiving an intelligence briefing.

https://www.sportsbookreview.com/forum/players-talk/3692306-my-retirement.html#post30798619

[MinnesotaFats]

Just guessing that bank does substantial loans to energy producers in Russia, it's all linked in the energy sector when libs stop domestic production from fossil fuels or nuclear.

See Germany

[JIBBBY]

Fake news!!