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California Public Employees Vote Against CalPERS Investment Activism
Paul S. Atkins in The Wall Street Journal; subscription may be required
Oct. 19, 2018
"The California Public Employees' Retirement System this month said no thank you to pension-fund activism. Government workers unseated Priya Mathur, the sitting CalPERS president. She was defeated by Jason Perez, a police-union official who criticized Ms. Mathur's focus on environmental, social and governance investing, or ESG. Mr. Perez emphasizes the agency's fiduciary duty to maximize investor returns."
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