MORE ON: Calpers

Daily Report: Money and Politics

State pension funds sticking with JPMorgan despite $2B loss

June 15, 2012, 12:05 AM
The agencies that manage retirement benefits for California teachers and governmental employees are standing by JPMorgan Chase for now despite a recent $2 billion trading loss that has sparked two federal investigations and reignited calls for tougher bank oversight.  Representatives of the... + read more
Daily Report: Money and Politics

Buffeted by scandal itself, CalPERS denounces News Corp.

July 29, 2011, 12:05 AM
The reporters at the News of the World hacked cell phones to get tabloid scoops, and CalPERS is appalled. In a statement last week quoted by many financial news outlets, Anne Simpson, the state pension fund’s corporate governance chief, denounced the “corruption of the governance... + read more
Daily Report: Money and Politics

Scores of new financial lobbyists, and confusion over law

January 31, 2011, 12:05 AM
A flood of financial services firms have registered lobbyists to comply with a new law enacted in the wake of public pension "pay-to-play" scandals in New York and California – even as state officials said they're already working on changes to the law seen as confusing and... + read more
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