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New Bill Requires Diversity in California Pension Funds

California's public pension funds would have to report the ethnicity and gender of some of the outside investment managers they hire under a bill that passed the state Assembly on Thursday. The bill states that businesses owned by women and minorities are not adequately represented in the state's pension fund portfolios, compared to their proportion of California's population. It passed on a 41-22 vote and now moves to the state Senate. Click here to read more.
 
 



INSIGHT Into Diversity