All tagged Chief Investment Officer

The chairman of the investment committee of the California Public Employees’ Retirement System (CalPERS) says investment officials are engaging management of two private prison companies, CoreCivic and The GEO Group, as well as defense contractor General Dynamics.

If CalPERS chooses not to divest from the two private prison companies, officials of the pension system would likely have to make their case in the state legislature at a public hearing, where Assemblyman Bonta’s bill to divest from CoreCivic and The GEO Group will begin to be considered by state lawmakers after the state legislature reconvenes on Jan. 7.