CalPERS will send its annual lists of its holdings in companies with World War II-related claims and companies that don’t comply with Northern Ireland’s employment laws to the state Legislature.
The $240.6 billion California Public Employees’ Retirement System, Sacramento, invests in eight companies in Japan that have pending WWII-related lawsuits — Mitsubishi Materials Corp., Mitsui Mining and Smelting, Dowa Mining Co., Kajima Corp., Nippon Mining Holdings, Nippon Steel Corp., Nishimatsu Construction Co. and Taisei Corp.
The Northern Ireland report lists nine companies held by CalPERS that have received frequent grievances — Bombardier Inc., Danske Bank A/S, HBOS PLC, Independent News & Media PLC, Johnston Press PLC, Marks & Spencer Group PLC, Compagnie Générale des Établissements Michelin, Tesco PLC and Thales.
Also in November, $150 million was invested in the PAAMCO 1848 fund and $50 million went to Rock Creek 1848 fund, as part of CalPERS’ emerging hedge funds of funds program. Staff plans to allocate an additional $50 million to Rock Creek later this year.