RANKING ASSET MANAGERS REPORT
Private Prisons, Immigrant Detention and Investment Risks PART ONE
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Randi Weingartenpresident
Lorretta Johnsonsecretary-treasurer
Mary Cathryn Rickerexecutive vice president
AFT Executive Council
Our Mission
The American Federation of Teachers is a union of professionals that champions fairness; democracy; economic opportunity; and high-quality public education, healthcare and public services for our students, their families and our communities. We are committed to advancing these principles through community engagement, organizing, collective bargaining and political activism, and especially through the work our members do.
J. Philippe AbrahamShelvy Y. AbramsBarbara BowenVicky Rae ByrdChristine CampbellZeph CapoAlex Caputo-PearlDonald CarlistoLarry J. Carter, Jr.Kathy A. ChavezMelissa CropperEvelyn DeJesusAida Diaz RiveraJolene T. DiBrangoMarietta A. EnglishEric FeaverFrancis J. FlynnDavid GrayAnthony M. HarmonDavid HeckerJan HochadelFedrick C. IngramJerry T. JordanTed KirschFrederick E. Kowal
Karen GJ LewisLouis MalfaroTerrence MartinJoanne M. McCallJohn McDonaldDaniel J. MontgomeryMichael MulgrewCandice OwleyAndrew PallottaJoshua PechthaltPaul PecoraleDavid J. QuolkeDenise SpechtWayne SpenceTim StoelbJessica J. TangAnn TwomeyAdam Urbanski
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Introduction
‐
Hedge funds invest
millions of dollars in
companies that profit
from private prisons and
detention facilities.
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“This industry has turned
human suffering into a
billion-dollar business”
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Fiduciary Arguments for Divestment
It is precisely this
vulnerability to political
changes that makes
investments in the
industry risky.
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Hedge Funds and Private Prisons
In 2017, the New York
City Pension Funds
became the first U.S.
public pension fund to
fully divest from the
private prison industry.
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Investment Manager Watch List
What Can Trustees Do?
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Special Note to Asset Managers:
If you feel that your fund has been placed in the incorrect category, please let us know. Contact the
AFT’s Center for Workers’ Benefits and Capital Strategies at either 202-585-5817 or
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