Posted on 04/08/2016 7:09:44 AM PDT by C19fan
CalPERS is learning that social responsibility can be a drag. The $290 billion California pension manager may reinvest in tobacco stocks after a report found that exiting the sector cost it $3 billion of potential investment gains over 15 years. Theres more to the idea than higher returns, though. Engaging financially with controversial firms can be a better way to effect change.
(Excerpt) Read more at blogs.reuters.com ...
That’s what they are counting on.
...he worked at an investment bank.... Kevin holds degrees from Harvard University and the University of Missouri-Columbia.
An interesting CV for a Reuters reporter.
Not to make too much fun, but is still on parole or something?
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