The California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) will be forced to sell certain holdings linked to Iran, following a new bill passed by the state senate.
The house passed bill 221 forcing the country’s largest funds to shed any holdings in gas and petrol, defence or nuclear companies and those with links to the Iranian government. The bill stated...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
