💰 MARKETS & PRICES
What is a stock index (or the S&P 500 / any major index)?
When this market indicator drops more than 20% from its recent high, it's officially called a "bear market."
Which asset class is typically considered the most liquid?
Public equities
What does TPA stand for?
Total Portfolio Approach
What is contango?
In commodities trading, this term describes the situation where futures prices are higher than the current spot price.
What primarily distinguishes private equity from public equity?
Illiquidity and private ownership
What's the fund's mission?
Paying pensions today, preserving pensions for tomorrow
Which company is widely considered the world’s first publicly traded company?
Dutch East India Company
Which asset class historically dominated wealth before equities became common?
Land and property
How many CIO committees do we have?
4 CIO Committees
What event is generally considered the beginning of the Great Depression?
Wall Street Crash of 1929
Which crisis helped trigger the Asian Financial Crisis in 1997?
Fixed exchange rate pressures
How many years has the fund held fully funded status?
17 consecutive years
Which event officially ended the Bretton Woods system?
Nixon ending convertibility in 1971
Tulip Mania (1630s) is best described as:
One of the first speculative bubbles
What are the 4 investment scenario quadrants?
Stagflation, Deflation, Inflation, Productivity boost