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    For-profit prisons are in the list of prohibited investments

    American Federation of Teachers President Randi Weingarten and Chicago Teachers Union Vice President Jesse Sharkey applaud the Chicago Teachers Pension Fund for adding for-profit prisons to their list of prohibited investments. There has been a wave of pension actions against firms seeking to profit from Trump administration’s shameful immigration and mass incarceration policies.

    Source: American Federation of Teachers

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    Private Prisons and Investment Risks (Part II). How Private Prison Companies Fuel Mass Incarceration — and How Public Pension Funds Are at Risk

    This is the AFT’s second report in a two - part series highlighting the investment risks to pension funds and other investors whose portf olios contain investments in the private prison industry or contractors who provide services to immigrant detention centers. Part 1 of this series, “Private Prisons, Immigrant Detention and Investment Risks,” released in August 2018, identifies investment managers, namely hedge fund managers, who invest milli ons of dollars in companies that profit from detention facilities that house separated immigrant families and the risks those investments pose to our members’ retirement security. Part 2 of this series focuses on the companies and asset managers, namely private equity firms, that profit from and fuel the mass incarceration of black and brown people in the United States.

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