Calpers OKs investing in China, Russia, Brazil http://today.reuters.com/news/articleinvesting.aspx?type=bondsnews&storyID=2006-12-18T225559Z_01_N18200480_RTRIDST_0_CALPERS-EMERGINGMARKETS-URGENT.XML
Mon Dec 18, 2006
SAN FRANCISCO, Dec 18 (Reuters) - The investment committee of Calpers voted on Monday to allow the biggest U.S. pension fund to invest in stocks of companies in China, Russia and Brazil, a committee member said in a statement.
Investing in the countries would provide Calpers, the $225 billion California Public Employees' Retirement System, the opportunity to earn better returns for its members and help raise corporate governance practices in emerging markets, said California Controller Steve Westly, a member of the fund's investment committee.
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