Gavin Newsom calls on California pension funds to sell more than $1.5 billion in Russia holdings
Demonstrators march during a rally in support of Ukraine, in Santa Monica, California, on Feb. 27, 2022. - RINGO CHIU/AFP/Getty Images North America/TNS

Gov. Gavin Newsom called on leaders of California's public pension systems on Tuesday to re-evaluate their investments in Russia. The state's Public Employees' Retirement System and State Teachers' Retirement System, along with the University of California Retirement Retirement Plan, have investments funds worth a combined $970 billion. They together hold more than $1.5 billion in investments in Russian stocks, private equity holdings, real estate, debt and other investments, Newsom said in a letter to the three chairpersons of the pension systems' boards of directors. "Russia's brazen and law...