US - Michigan's State Department of Treasury has denied there are political drivers behind the decision to set aside US$300m of the state pension fund to be invested in Michigan-based companies.
Terry Stanton, public information officer, Michigan Department of Treasury, said: "It's not political in any shape or form, simply the goal of the programme is to generate market returns for the pe...
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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here