Friday, April 29, 2016

Soaring Tobacco Stocks Prompt Calpers to Reconsider Investment

The California Public Employees’ Retirement System may reconsider a decision it made 16 years ago to sell tobacco holdings after an outside consultancy concluded that it missed out on up to $3 billion in net investment gains between then and the end of 2014 by not investing in tobacco shares.

from WSJ.com: US Business http://ift.tt/26zLiSI
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