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.
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Academic studies say ESG may boost investment returns.
This strikes me as flat-out hilarious.
Probably because I have no money in CalPERS.
I do, from a series of summer jobs during college. But I fully expect it not to be there when I'm old enough....
Well, not to worry. CalPERS has ways of making its losses on bad investments go away. Sort of.