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San Francisco Pension Votes to Engage With Fossil Fuel Companies Over Climate Change; Next Step Could Be Divestment

The Board of the San Francisco Employees’ Retirement System (SFERS) voted Wednesday to begin engaging with the fossil fuel companies in which it invests. The vote opens the door for an eventual vote on divesting from fossil-fuel companies altogether – an idea that is sure to receive mixed reviews from board members and city officials. The pension ...
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San Francisco Pension Weighs Larger Emphasis on Local Real Estate

The San Francisco Employees Retirement System is deciding whether to increase its allocation to real estate in the San Francisco Bay Area. Specifically, the board is weighing whether to begin allocating up to 3 percent of its assets toward such investments. However, the area’s high real estate prices warrant caution, according to the fund’s advisors. From ...
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San Francisco Pension Approves 5 Percent Allocation to Hedge Funds

After months of discussion and delays, the San Francisco Employees Retirement System on Wednesday voted to invest up to 5 percent of its assets in hedge funds. The pension fund has not previously invested in hedge funds. Its investment staff had previously recommended a 10 and a 15 percent allocation, but the board voted 6-1 for a 5 percent investment. More ...
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San Francisco Pension Investment Staff Recommends Foray Into Hedge Funds

The investment staff of the San Francisco Employees’ Retirement System (SFERS) has recommended to the board that the system allocate up to 10 percent of its assets in hedge funds. SFERS has been waffling for a year over whether or not to put money into hedge funds, and what the allocation should be. From Bloomberg, via FinAlternatives: The San Francisco ...
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San Francisco Pension Postpones Appointment of Board Member in Wake of Ethics Complaint

San Francisco’s former first lady Wendy Paskin-Jordan sits on the board of the San Francisco Employees’ Retirement System (SFERS); her seat is appointed by city mayor Ed Lee, who was ready to appoint her to another term. But an ethics complaint has put Paskin-Jordan’s appointment “on hold”. The details of the complaint: The main issue ...
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San Francisco Pension Postpones Hedge Fund Vote

The San Francisco Employees’ Retirement System is delaying a vote on a new proposal to begin investing in hedge funds. The scaled-down proposal calls for investing a maximum of 5 percent of assets in hedge funds. Originally, the pension fund was considering a 15 percent allocation. The vote will be held in February. More from SF Gate: The board of ...
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San Francisco Pension To Consider Smaller Foray Into Hedge Funds

The San Francisco Employees’ Retirement System has spent the better part of 6 months weighing whether to dive into hedge funds for the first time. The fund was originally considering a plan to invest up to 15 percent of assets – or $3 billion – in hedge funds. But the figure was too high for many board members, and the vote was tabled numerous ...
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San Francisco Pension Not Expected to Approve Hedge Fund Proposal, But Alternate Plan Could Pass

Trustees of the San Francisco Employees’ Retirement System will vote sometime in the next few weeks on a proposal to invest up to 15 percent of assets – or $3 billion – in hedge funds. The vote has been proposed and tabled nearly half a dozen times since May. According to reporting by Pensions & Investments, the proposal isn’t expected ...
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San Francisco Pension To Vote Again On Hedge Funds

The San Francisco Employees’ Retirement System is once again weighing whether to begin investing in hedge funds. Last Spring, the fund formulated a plan to invest up to 15 percent of its assets, or $3 billion, in hedge funds. But the vote has been tabled three times since then. This week, the fund will vote again on the issue. From SFGate.com: The ...
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San Francisco Pension Backs Off Hedge Funds After Conflicts of Interest Surface

San Francisco Employees’ Retirement System (SFERS) was set to vote yesterday on whether the fund should allocate up to 15 percent of assets, or $3 billion, to hedge funds. But the vote never happened, in part because of the objections of union members and retirees who showed up to the meeting. Recent reports of conflicts of interest surrounding ...
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