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Newsmakers
The California Endowment Appoints Kelli Washington as New CIO
The new investment chief of the $4 billion endowment comes from Cleveland Clinic.
The investment committee will vote on whether to approve the recommendation at tomorrow’s board meeting.
She will replace Jack Ehnes, the outgoing head of the pension system who postponed his retirement last year because of the pandemic.
Appellate court rules ERISA doesn’t pre-empt the California law that created the state-managed IRA program.
Institutional investors are wary of betting on the gas until it proves itself, as the technology is nascent. But its stocks are surging anyway.
Public sector workers want to strike down a provision that stops them from winning higher benefits in retirement.