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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 ...
Golden Gate Bridge

San Francisco Fund Delays Hedge Fund Investments Again

The San Francisco City & County Employees’ Retirement System (SFCCERS) decided earlier this summer to invest 15 percent of its assets in hedge funds. But the fund has never invested in hedge funds before – and some board members aren’t on board with the plan in its current form. So, for the second time in three months, the board delayed a ...
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