The California Public Employees’ Retirement System (CalPERS) has no plans to divest from Chinese assets despite other large pensions pulling funds due to geopolitical risks, according to a statement given to the Daily Caller News Foundation.
CalPERS, which is the largest U.S. public pension and covers California’s public employees, has “no [sic] new initiatives to announce at this time,” a spokesperson told the DCNF when asked if CalPERS would divest from Chinese assets. The DCNF calculated over $3.6 billion in Chinese investments across numerous Chinese companies in the pension’s portfolio from its 2022 fiscal year report.
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