I bet you didn’t know you were contributing to Donald Trump. If you are a teacher in Texas, a police officer in New York
Money as a motivator is insatiable. There is never enough. It is a slave driver when the most important goal is: more! On
As the nation's largest public pension fund, CalPERS has a particular responsibility to continually strive to invest in ways that not only unequivocally meet its fiduciary obligations, but also strengthen our economy and society.
For the sake of current and future teachers - not to mention the kids they serve - K-12 educators and their union representatives would do well to seriously consider the defined contribution model that has served higher education so well.
We are accountable for our decisions, our investments, our respect for law, and our moral choices. Every day would seem, then, to be a moving calculation of multiple accountabilities - a ledger of life, with surpluses and, yes, deficits.
Even with the best intentions and emerging tools, the current investment framework makes it difficult to match investment portfolios to values.
The California Public Employees’ Retirement System plans to divest the entire $4 billion that it has with hedge funds, saying
Sam Levenson once observed, "The reason grandparents and grandchildren get along so well is that they have a common enemy." The same could be said for a new alliance between groups who have often been at odds: large institutional shareholders and corporate directors.
We urge other public pension funds to bring scientific research to bear on these questions. Like any other investor, these funds should invite, rather than resist, impartial scrutiny of their strategy
Doctors and hospitals are businesses after all, and account for 50 percent of our health care cost (see chart below). Besides, what kind of business either doesn't know or won't tell you what it charges for standard goods or services? I ask this as a small business owner myself.
The process of mainstreaming impact investing is, quite literally, about asking the right questions, and having the right answers ready to provide.
Around the country, Americans are not only lobbying their Congressmembers to support legislation to reduce gun violence, they are also voting with their dollars -- through pension funds, government purchasing policies, and university endowments.
Last year, CalSTRS, which is the nation's second largest pension fund, adopted a policy calling for portfolio companies to annually report their expenditures on political contributions.
Impact investing is likely to be difficult. It may even be costly, requiring the support of dedicated internal resources. But it is prudent and it is worth every dime. Clients are demanding it. Fund beneficiaries, and their communities, are counting on it.
A few critics of Walmart also showed up at Friday's meeting, which was the last opportunity for shareholders to vote on a
CalPERS said it plans to vote its 7.77 million Wal-Mart shares against Duke, Scott, Chairman Robson Walton and six others
Copyright 2011 Thomson Reuters. Click for Restrictions. Lehman has said creditors have roughly $322 billion of allowed claims
The budget woes of Wisconsin and other states were not caused by overspending on employee benefits. The "cure" is to get credit flowing again in the local economy, and this can be done by using state assets to capitalize state-owned banks.
Many employees of cash-strapped states, such as New Jersey, California and New York, appear headed for the exits -- trying