California pension funds pushed by politicians to divest from gun industry
By Steven Greenhut SACRAMENTO – California’s two major pension funds, the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), control more than $500 billion in total assets, making them two of Wall Street’s most influential investors. They also are government entities, and some California leaders want to use their investment […]
In good times and in bad, California’s pension fund managers win fat bonuses
By Steven Greenhut Sacramento —California’s top pension funds have suffered through a few cycles of bleak investment returns and plummeting funding ratios, so we can’t blame them for wanting to celebrate after what was, relatively speaking, a stellar financial year. But the manner in which they chose to celebrate was shocking. The funds gave […]
