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CALPERS owned 30% stake in AMI

Mar 14, 2019 - Pensions Expert

Fundfire: It has been revealed that the California Public Employees Retirement System owned as much as one-third of National Enquirer publisher American Media Inc during the 2016 presidential election campaign. CalPERS owned the stake in the tabloid publisher, which facilitated the payment of $150,000 (£114,366) to one of President Donald Trump's alleged mistresses, through an investment managed by New Jersey hedge fund Chatham Asset Management. Joe Nation, a public policy professor and pension...