The largest public pension in the U.S. by assets increased its bets on makers of electric vehicles, and a videoconferencing stock in the third quarter.
California Public Employees’ Retirement System, or Calpers, raised investments in Nikola (NKLA) and NIO (NIO) in the period, and nearly doubled an investment in Zoom Video Communications (ZM). It also edged up an investment in Tesla (TSLA). Calpers disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.
The…
