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CalPERS Votes to Expand Tobacco Investment Ban to External Managers and Affiliate Funds
CalPERS Dec. 20, 2016 "The Investment Committee [has] voted to remain divested from tobacco-related securities with respect to the internally managed public equity and debt portfolios of the Public Employees' Retirement Fund (PERF). In addition, the Committee has now broadened the tobacco investment restrictions to include the PERF's externally managed portfolios of publicly traded assets and the Affiliate Fund portfolios." |
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