IPFI Applauds CalPERS for Choosing Fiduciary Responsibility Over Political Pressure

FOR IMMEDIATE RELEASE March, 14, 2019 IPFI Applauds CalPERS for Choosing Fiduciary Responsibility Over Political Pressure Instead of caving to fringe political movements, IPFI commends CalPERS for prioritizing its members and opposing legislation forcing it to divest from private prison companies. WASHINGTON, D.C. – As California faces the possibility of another forced divestment, the Institute […]

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CalPERS Chooses Prudent Management Over Politics Earning Praise From Pension Warriors

FOR IMMEDIATE RELEASE March 19, 2019 CalPERS Chooses Prudent Management Over Politics Earning Praise From Pension Warriors During the monthly CalPERS Investment Committee meeting, the board members voted to support the staff recommendation to oppose AB 33, which would require the divestment of funds from private prisons.   WASHINGTON, D.C. – In part driven by […]

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IPFI Issue Brief: ESG and the Proxy Process – What Does the Research Say?

With environmental, social, and governance (ESG) investing on the rise and calls for public pensions to divest from fossil fuels, private prisons, gun manufacturers, and others, IPFI compiled the latest research to determine the efficacy of ESG investing for public pensions. Public pensions across the country are facing almost $6 trillion in unfunded liabilities. Any […]

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Be a faithful fiduciary — keep politics out of your decisions when investing other people’s money

This recent op-ed originally appeared in The Washington Examiner on May 21, 2019. Amid growing calls for divestment from several industries, Milton Friedman’s view on the role of business in politics bears repeating. Friedman explained that corporate executives are agents of the companies to which they are employed, acting on behalf of the company’s owners and tasked […]

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COMMENTARY: State Pension Funds Shouldn’t be Captive to Politics

This op-ed originally appeared in The Buffalo News on June 09, 2019. The politicization of pensions continues plaguing our state. In a misguided effort to fight climate change, State Sen. Liz Krueger introduced Senate bill 2126, the Fossil Fuel Divestment Act, earlier this year. This prompted an open letter from New York Comptroller Thomas DiNapoli, urging Krueger to reconsider […]

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