Tide may be turning for tobacco as CalPERS reveals its 2001 divestment is finally making money
After years of underperformance, pension heavyweight’s tobacco exclusion has brought in $856m, according to latest review
Californian public pension giant CalPERS has made $856m through its exclusion of tobacco since 2017, amounting to about 0.2% of the $389bn fund’s current assets, according to the latest analysis by investment consultant Wilshire Associates.
Wilshire’s latest annual review of CalPE…
You must have a SUBSCRIPTION or FREE TRIAL to view this PAID content.
Already got a Subscription or Free Trial?
Not got a Subscription or Free Trial?
One Free Trial per user; if your Free Trial has expired, please email firstname.lastname@example.org.