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Pension Funds

Denmark’s AkademikerPension Moves To Dump US Treasuries

January 21, 2026 News Desk, The Cradle. , , ,
Denmark's AkademikerPension pension fund plans to dump its US treasury holdings by the end of the month, citing concerns over US creditworthiness under President Donald Trump, and his threats against Greenland, Bloomberg reported on 20 January. “The US is basically not a good credit and long-term the US government finances are not sustainable,” the fund’s chief investment officer, Anders Schelde, stated, adding that the policies pursued by Trump have created credit risks that the fund can no longer ignore. AkademikerPension manages around $25 billion in savings for teachers and academics. 

Michigan Retirement System Drops All Investments In Israel Bonds

December 9, 2025 Workers World. , , ,
For over a year, Michigan Divest, a statewide coalition of Michigan residents, human rights activists and active and retired public employees, led a campaign to divest Israel Bonds from public pensions. Thousands of Michigan taxpayers, including current and former public employees with pensions in the SMRS, and over 50 endorsing organizations, including labor unions representing public school and state pensioners, expressed disapproval at taxpayer funds being invested in a $10 million Israel Bond purchased less than one month into the ongoing genocide in Gaza.

Workers Funding Other Workers’ Misery

October 15, 2023 Rachel Phua, The American Prospect. , , ,
Critics of private equity often stress the business model’s impact on workers. Blackstone’s Packers Sanitation Services, Inc., was found to have illegally hired over 100 minors and placed them in dangerous jobs. Arby’s and Dunkin’ Donuts owner Roark Capital lobbied against a federal minimum wage. Fairmont and Sofitel owner Brookfield Asset Management has repeatedly threatened to retaliate against hotel workers attempting to unionize. And when the private equity purchase of Toys ‘R’ Us drove the toy retailer into bankruptcy, leading to a loss of over 30,000 jobs, its owners Bain Capital, KKR, and Vornado Realty Trust made off with about $200 million in management fees.

California Pension Funds Have Billions Invested In Fossil Fuel Companies Named In State’s Lawsuit

October 15, 2023 Dana Drugmand, DeSmog. , , ,
Over the past month and a half month, California lawmakers have enacted a pair of climate disclosure bills and endorsed a global call to end the fossil fuel era. In September, the state sued five oil majors and the chief industry lobby group to hold them accountable for climate change. Meanwhile, the  California State Teachers’ Retirement System (CalSTRS) and California Public Employees’ Retirement System (CalPERS) — the nation’s two largest state public pension funds — are resisting calls to divest from fossil fuels, and legislation that would have directed the funds to divest has once again stalled. CalSTRS and CalPERS collectively have over $4.3 billion invested in Chevron, BP, ExxonMobil, ConocoPhillips, and Shell, a new analysis from Stand.earth and Climate Safe Pensions Network has found.
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