Seattle City Employees Retirement Systems board on Wednesday voted to divest holdings in companies with business interests in Sudan.
While the retirement board is not heavily invested in companies doing business in Sudan, it is gratifying that the board, through passage of a new financial policy, was able to take this step, said Jean Godden, chairwoman of the retirement board and a Seattle City Council member, in a news release.
The system had $1.8 billion in assets as of Sept. 30. Further information was not available. Ms. Godden and Cecelia Carter, the systems executive director, did not return calls by press time.