California Public Funds, Like CalPERS and CalSTRS, Exposed to PG&E

Posted on 09/18/2019


California Public Employees’ Retirement System (CalPERS), The California State Teachers’ Retirement System (CalSTRS), and the Canada Pension Plan Investment Board (CPPIB) have been stung by PG&E’s bankruptcy filing. With as much as US$ 54 billion being sought by claimants, the California wildfire aftermath extinguished any hope the company could avoid the drastic step. S&P downgraded […]