US pension fund major CalPERS stops new investment flows into Russia

US pension fund major CalPERS stops new investment flows into Russia

Signage stands outside the offices of the California Public Employees' Retirement System (Calpers) in Sacramento, California, U.S., on Monday, Sept. 13, 2010. California Governor Arnold Schwarzenegger backed off a proposal to borrow $2 billion from the California Public Employees' Retirement System to help balance a state budget now almost three months overdue. Photographer: Bloomberg/Bloomberg Photo by Bloomberg

The California Public Employees’ Retirement System, the largest U.S. pension fund, said on Thursday it has ceased all transactions in Russian publicly traded equity and has stopped the flow of any new investments into the country due to Russia’s invasion of Ukraine.

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