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How state pension funds – and 401k managers – prioritize politics over returns

NOVEMBER 3, 2017 | by Ike Brannon | FORBES

By Ike Brannon, includes “… The politicization of the proxy proposal process has been led by institutions that represent millions of public workers and retirees -- including the New York City Pension Funds and State Common Retirement Fund and the California Public Employee Retirement System (CalPERS) and State Teachers' Retirement System -- in an effort to promote a political agenda that has failed to achieve results through the political process.”

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