San Francisco City & County Employees' Retirement System, with $10...

San Francisco City & County Employees' Retirement System, with $10 billion in assets, has decided to divest itself of its approximately $30 million in U.S. tobacco stocks invested internally in the fund's S&P 500 index fund and through its external money managers. The board made the decision after looking at the economic impacts of litigation, potential legislation and government regulation. The fund's board will review the decision periodically.