The issue of CalPERS divesting from private prison companies CoreCivic and The GEO Group isn’t dead after all.
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
Ross McLellan and others were adding secret commissions to fixed-income, equity trades with institutional clients between 2010 and 2011.
The fund is also barred from making any future investments in these industries.
New York State Common Retirement Fund owns stakes in GEO Group, CoreCivic.
Review ordered personally by CalSTRS CIO Chris Ailman in a rare move.
Board votes to liquidate $1.2 million worth of stock in three private prison companies.
Ex-health minister sentenced to 2 ½ years for leaning on national pension to approve controversial Samsung merger.