Investigation triggers congressional probe into massive public pension ESG losses

(The Center Square) – The U.S.House Committee on Education and Workforce launched an inquiry into California’s main public pension fund after The Center Square exposed that it may have prioritized ESG goals at the expense of its fiduciary duty.

A committee letter, which placed the investigation in the context of its ongoing inquiry into stronger safeguards for public pensions nationwide, cited The Center Square’s investigation into CalPERS’ loss of 71% of the $468 million it invested in...