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A big pension manufactured massive variations in its equities investments late in 2020.
The Louisiana Point out Employees’ Retirement Program initiated a large position in electrical-car giant
(ticker: TSLA), and acquired extra
Standard Electric powered
(GE) inventory in the fourth quarter. Lasers, as the pension is identified, disclosed the trades, among the other folks, in a type it filed with the Securities and Exchange Commission.
Lasers, which managed $12.6 billion in property as of June 30, 2020, did not react to a ask for for comment on the inventory trades.
The pension bought 80,900 Tesla shares in the fourth quarter. It hadn’t owned