CALPERS CEO and Sen. John Moorlach to talk socially conscious pension investing
Last summer, when speaking about the Public Divestiture of Thermal Coal Companies Act authored by his Senate colleague Kevin de Leon (D-Los Angeles), who is now seeking to unseat U.S. Senator Dianne Feinstein (D-California) in November, Moorlach told CalWatchdog.com’s Steven Greenhut that chief investment officers “invest for value and don’t appreciate being hamstrung by legislators who don’t know how to manage a diversified portfolio. I think I’m the only legislator who managed a $7 billion portfolio. And the studies I’ve seen have shown that social investing has produced lower returns.”
