CalPERS CIO Nicole Musicco on Bloomberg Wealth with David Rubenstein

Nicole Musicco is in charge of investing decisions at the $465 billion California Employees' Retirement System, or CalPERS, the largest public pension in the United States. Musicco discusses CalPERS' return targets, the pension's push into private equity, and facing political pressure over investment decisions in an interview for Bloomberg Wealth with David Rubenstein. This interview was recorded August 8th in New York City.
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Like this video? Subscribe to The David Rubenstein Show on KZbin:
kzbin.info/door/qsN9MYiu1mKSAsYoF6ppTg
Watch the latest episodes of "The David Rubenstein Show: Peer-to-Peer Conversations" here:
www.bloomberg.com/peer-to-peer
Learn more about David:
www.davidrubenstein.com/
Connect with us on...
Twitter: business
Facebook: bloombergbusiness
Instagram: bloombergbusiness

[@lukegraven7839]

what a well-spoken polished guest. thank you for taking your time

[@PhilSommer2]

My honest advise to new investors ,buy and hold quality stocks. Ignore market forecasts and opinions, they're mostly entertaining but not very helpful.

[@AlinaWinkler233]

Achieving significant returns isn't about volatile stocks; it's about effectively balancing risk and reward. Proper position sizing and leveraging your advantage repeatedly are essential, whether you're a long-term investor or a day trader.

[@LeonWilk2]

Certainly, many underestimate advisors until emotions lead to losses. A few summers ago, during a tough divorce, I sought a licensed advisor who, through diligent work, boosted my business from $190k to around $720k despite inflation.

[@PhilSommer2]

Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.

[@PhilSommer2]

Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.

[@LeonWilk2]

The person I work with is *Jude Ryan McDonough* "". He's proven really proficient for me, to be honest. You could look him up yourself if you want.

[@janiprime]

i've learned so much from these interviews on your channel!

[@thecajunvacationer3064]

Me too!

[@anthonyjackson2145]

Great interview as always David. A humble , intelligent and measured guest.

[@tuckerbugeater]

Most overpaid public thieves in the nation.

[@evelynramos445]

Indigenous of Canada also?

[@evelynramos445]

Pensions are secure and held overtime, grantied? Is played for compounding while sitting? Almost bonds back by gov Ck spelling

[@quikslvr01]

California is largest? not the federal pension fund?

[@evelynramos445]

Almost pension for union fixed concepts, drives competition?

[@evelynramos445]

Canada is differ politically currently

[@evelynramos445]

Where the pension recipients!

[@mastershredder2002]

lol 6.8% target. Just buy the S&P500 instead and forget this saleswoman.

[@alphabeta8403]

4:00 $465B AUM 10:00 Hiring a Canadian 12:00 CalPERS 14:00 Inflation 17:10 ESG 19:25 AI

[@evelynramos445]

Citations its the law

[@evelynramos445]

Bank vault contained

[@evelynramos445]

Who collects absent pensioners

[@evelynramos445]

15 yrs sitting

[@ajs4956]

I don't know if you can get your money out once it's in, but after hearing this, I would get my money out ASAP. 'allocating money to diverse management' means they not focusing on what matters. This is why they have a massive defecit and spunked your money

[@evelynramos445]

Class division

[@Stoneface_]

She's getting a million plus dollars for underperformance. Wow. I wish my job would pay me for not working 😂

[@evelynramos445]

Government jobs pensions

[@barryholiday8998]

Why didn’t they hire a black woman for this job to boost their ESG score?

[@Stoneface_]

Haha 😂

[@insaaanestuff]

LOCK HER UP!

[@jentorninos.ballen9269]

Anu ginwa ko sa inyong lahat sinira jinyi buhay ko dahil sa laro nayan hi asak ninyo buhay ko

[@evelynramos445]

Not expertise

[@evelynramos445]

Not my, typo

[@jentorninos.ballen9269]

Maawa kayo sa ginawa ninyo sa buhay ko dahil sa currency nayan ng treade hd ako ng nakaw sa inyo ginawa ko lang alam ko salaro ng treade nayan hinayop ninyo buhay