US largest pension funds CalPERS, CalSTRS exposed to Russian assets

US largest pension funds CalPERS, CalSTRS exposed to Russian assets

A reflection of a yearly chart of U.S. dollars and Russian roubles are seen on rouble notes in this photo illustration taken in Warsaw November 7, 2014. REUTERS/Kacper Pempel

California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS), the two largest U.S. pensions funds, have exposure to Russian assets, which have come under pressure after Russia invaded Ukraine on Thursday, according to statements from the funds.

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