Calif. Pensions Reviewing Investments Tied to Border Enforcement (1)

California’s two largest public pensions are reviewing their investments in hedge funds and companies that have ties to the Trump administration’s immigration enforcement efforts at the U.S.-Mexico border.

Some of those companies include General Dynamics Corp., GEO Group, and CoreCivic Inc. All three own or provide services to private prisons that have been used to detain immigrants.

The American Federation of Teachers recently called on pension funds nationwide—including the California State Teachers Retirement System and the California Public Employees Retirement System—to look through their portfolios for asset managers invested in companies it says are profiting from detaining families. ...