Robinson Questions CalPERS Exposure to China Risk

On October 10, RWR CEO Roger W. Robinson was quoted in an article in the California Globe which looked at the exposure of the California Public Employees’ Retirement System (CalPERS) to Chinese companies. Mr. Robinson asked, “Why would CalPERS hold in their investment portfolio Chinese and Russian companies either actively, or passively via index providers, that have been sanctioned by the U.S.? According to a report of June 2018, CalPERS had direct or indirect investments in at least 172 Chinese companies, some of them bad actors, despite divesting from investments related to Iran, Sudan, assault weapons, tobacco products, and thermal coal.