Retirement System: Toronto-Based Fund and Parliament Hill

retirement system: Canada Pension Plan Investment Board President and Chief Executive Officer Mark Machin waits to appear at the Standing Committee on Finance on Parliament Hill, in Ottawa on Tuesday, November 1, 2016, according to Toronto Star. Adrian Wyld / THE CANADIAN PRESS The California State Teachers' Retirement System voted to divest their stakes in the two companies, citing the U.S. administration's policy of splitting up families. The Toronto-based fund, which manages about 368 billion, holds small stakes of Core Civic Inc. and Geo Group Inc., which had facilities that held people suspected of illegally entering the U.S. under a policy imposed this year by President Donald Trump. Leadnow, a Toronto and Vancouver-based social just group and Sum OfUs, a global consumer group that says it holds companies to account, said in a release Monday more than 50,000 people have signed a petition urging CPPIB to dump their shares.CPPIB referred to public remarks made by its CEO last week when asked about possible divestment plans. Divesting achieves little for CPPIB and all of our stakeholders. From time to time we, like many investors, are challenged by people who put pressure on us to divest if they disagree with the policies or actions of a company we have chosen to invest in, Mark Machin said in a speech in Toronto Nov. 20. (www.immigrantscanada.com). As reported in the news.