US - The California Public Employees' Retirement System said it plans to divest from eight companies with ties to Sudan and Iran, removing all investment ties to the troubled countries.
The state had passed divestment laws for companies tied to Sudan in 2006 and Iran in 2007, but the officials at the fund were able to hold on to the shares if divesting would prove harmful to CalPE...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders