X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Man hand and word divestment Divesting from gun, oil, and other stocks ‘hasn’t made the world a better place,’ Christopher Ailman, chief investment officer of CalSTRS, the second-largest U.S. pension fund said at the 2018 Milken Institute Global Conference. (Photo: Shutterstock)

(Bloomberg) –Managers of the California State Teachers’ Retirement System and the New York State Common Retirement Fund said they oppose divesting from controversial companies because it doesn’t change corporate behavior.

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.