US lawmaker calls for ouster of CalPERS CIO over China ties

US lawmaker calls for ouster of CalPERS CIO over China ties

Calpers headquarters in Sacramento, California.

A U.S. Republican lawmaker on Wednesday urged California to fire the chief investment officer of its public pension fund, the nation’s largest, citing what he called the CIO’s “long and cozy” relationship with Beijing, and assailed the fund’s investments in Chinese companies.

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