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Calpers’ Dilemma: Save The World Or Make Money?

TedTed
in Fund Discussions
FYI: The California Public Employees’ Retirement System was one of the first public-pension systems to tie its investments to social activism. Now it is having second thoughts.
Regards,
Ted
https://www.wsj.com/articles/calpers-dilemma-save-the-world-or-make-money-11560684601

Comments

  • RisklessInSeattle
    CALPERs - Please save the world. The rich Californians will gladly make up any pension shortfall.
  • JoJo26
    You're already underfunded. Make money. There is a fiduciary responsibility to the participants. It's immoral to mortgage the future financial well-being of others.
  • MarkMark
    Washington politicians have no trouble doing it JoJo.
  • TedTed
    @JoJo26:
    A+
    Regards,
    Ted
  • JoJo26
    Mark said:

    Washington politicians have no trouble doing it JoJo.

    So that makes it OK?
  • MarkMark
    No! Just surprised to see you sticking up for the little guy.
  • AnnaAnna
    Easy. Just rationalize that making money for CALPERS will save the world. Gets rid of the "or" thing.
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