Several asset managers leveraged Idahoans pension funds to support a racial and climate agenda in 2022 and 2023, according to a report from conservative watchdog group American Accountability Foundation (AAF).
The Public Employee Retirement System of Idaho (PERSI) used six asset managers — Adelante Capital Management, AllianceBernstein, Brandes Investment Partners, Fiera Capital, Longview Partners and Mellon Capital Management — which handled more than $5 billion of the system’s stock portfolio, according to its investment report. These managers used Idahoans’ pension funds to support over 150 environmental, social and governance (ESG) shareholder resolutions on issues including race, gender, climate and politics, according to documents AAF obtained through a public records request and shared exclusively with the Daily Caller News Foundation.
Read More