The $21 billion AkademikerPension announced it will sell its remaining shares of Tesla stock unless a shareholder proposal is approved in June.
However, the largest pension fund in the U.S. says the pro-investment approach is more effective than divestment.
The pension fund raised its asset value by $3.5 billion to $38.7 billion despite ending the year with a Q4 loss.
The former Equal Employment Opportunity Commission chair under President Donald Trump is now expected to lead the Pension Benefit Guaranty Corporation.