Nation's Largest Pension Fund Riddled With Buttinsky Investment Criteria

What could possibly go wrong?

How many policies and statements does CalPERS have aimed at guiding its massive investments, valued at $229 billion last week, in ways that look at the environment, social conditions and corporate governance?

A new study found 111 of them.

Whole PublicCEO.com article here. Reason wrote about "The Next Catastrophe" in February 2009.

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  • Citizen Nothing||

    Academic studies say ESG may boost investment returns.
    This strikes me as flat-out hilarious.
    Probably because I have no money in CalPERS.

  • Playa Manhattan||

    I do, from a series of summer jobs during college. But I fully expect it not to be there when I'm old enough....

  • GSL||

    Well, not to worry. CalPERS has ways of making its losses on bad investments go away. Sort of.

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