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The Teachers’ Retirement Board of the $229.2 billion California State Teachers’ Retirement System is divesting from the two U.S. publicly-held companies in its portfolio that operate private prisons, CoreCivic and GEO Group. After an uproar over Trump administration policies that separated children from their families at the U.S. border, Chief Investment Officer Christopher Ailman started the process for divestment at the pension system’s Investment Committee’s July meeting, beginning a review of the companies in question to determine what risks they brought to the portfolio.