California’s two biggest public pension funds are sitting on more than $2.7 billion in investments tied to federal immigration enforcement, and the money trail is kicking up serious dust in Sacramento. A sizable slice is parked in surveillance and defense firms, including a hefty combined stake in Palantir, that critics say plug directly into deportation machinery. The portfolio choices are now at the center of a growing fight over whether the state’s loudly advertised values line up with how it grows retirement checks.
Stand.earth report tallies billions in ICE-linked firms
Advocacy group Stand.earth found that the California State Teachers’ Retirement System (CalSTRS) and CalPERS together hold more than $2.7 billion in companies that contract with…..