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An Open Letter to Pension, Endowment, and Other Institutional Trustees and Investment Committees





Dear Pension/Endowment/etc Trustees and Investment Committees:

I understand you enjoy your secure, relatively well-paid job, and your forgivable desire to maintain this status-quo for as long as possible. So long as you like your job and want to keep it, don’t you think its in your best interest to get rid of nonsensical, self-defeating policies like the following (from CalPERS)?

 
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