US Pension Funds Lost $400 Billion on China Investments in July

August 3, 2021 7:47 amAugust 4, 2021 10:48 am

“Big Chinese tech stocks lost hundreds of billions of dollars in combined market value in July, reflecting rising investor concern about how the sector will fare under a barrage of regulatory pressure from Beijing,” the Wall Street Journal reported last...

President Trump Orders Federal Retirement Funds Invested in Chinese Equities to be Pulled

May 12, 2020 2:20 amMay 12, 2020 9:08 am

President Trump is moving to cut investment ties between U.S. federal retirement funds and Chinese equities, in a move that is tied to the handling of COVID 19, Fox News reported Monday evening. “National security adviser Robert O’Brien and National Economic Council Chair...

CalPERS Fails to Answer Rep. Jim Banks’ Questions Regarding CIO’s Ties to China

February 21, 2020 9:31 amFebruary 21, 2020 9:55 am

California Globe reported last week Rep. Jim Banks (R-IND) sent California Governor Gavin Newsom a letter calling for the investigation of the California Public Employees’ Retirement System Chief Investment Officer Yu Ben Meng, the largest public pension fund in the...