Kansas pension investment advisers caution against robust legislative rebuttal to ESG activists
Written by Black Hot Fire Network on November 22, 2022
TOPEKA — Investment advisers urged the Kansas Public Employees Retirement System’s board of trustees to adopt a stay-the-course approach to growing demands for modification of institutional portfolios to match political ideas on energy policy, climate change and the carbon economy.
The advisers acknowledged the rising temperature of people on the political left and right, but cautioned requiring or banning investment in certain companies could undermine financial performance of KPERS’ $24.8 billion portfolio. They warned transferring KPERS portfolio management duties from investment management companies BlackRock or Mellon to an in-house model could diminish the . . .
