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Andy Dillon: Mich. Retirement funds boost stake in Tesla stock – The Detroit News

Andy Dillon was quoted in The Detroit News. To read the entire article, please click here.

“Andy Dillon, former state Treasurer and now executive director of financial and management consulting firm Conway MacKenzie, said the Treasury has a large portfolio, and any one stock investment likely is just a coincidence.

“‘They have an obligation to chase returns and be diversified,’ Dillon said. ‘It doesn’t jump out to me as anything out of the ordinary… It’s very difficult to read much into that.'”