Tag "divestment"
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CalPERS pressed to divest from energy firms, banks
After years of criticism, the California Public Employees’ Retirement System made headlines in December when its board voted to lower the expected rate of return on investments from 7.5 percent to 7 percent over the next three years. The move
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CalPERS considers – then rejects – efforts to end tobacco divestment
SACRAMENTO – As the nation’s largest state-based pension fund, the California Public Employees’ Retirement System is known for using its massive investment muscle to promote various social-investment causes. So-called ESGs – Environmental, Social and Governance issues – are a major
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Pension funds’ goal: High returns or symbolic stands?
Government pension funds around America have for years been pressured to take stands on political issues by investing or not investing in particular companies or industries. Pension fund managers bent on maximizing returns typically push back, especially in an era
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CA media finds de Leon guilty of not being Steinberg
There has been steady turnover in the leadership of the state Assembly every few years, so there is plenty of evidence that most new speakers get the equivalent of a honeymoon. Certainly that’s been true of current Speaker Toni Atkins,
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Column: UC regents urged to divest in fossil fuels
The scene brought to mind Tom Wolfe’s essay “Mau Mauing the Flak Catchers,” which was published all the way back in 1970, when young Jerry Brown was a member of the Los Angeles Community College Board of Trustees. Wolfe’s
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Fossil fuel ‘divestment’ may add to CA pension funding nightmare
If any state in America displays more of a need for a consistent commitment to pension “best practices” than California, I’m not aware of it. Some states’ main retirement systems may be in worse shape than the California Public Employees’
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