US. How Pension Funds Can Support Growth and Build an Economy That Benefits Workers

Private equity firms have increasingly come under fire for actions that are making life more difficult and unaffordable, such as driving up the prices of single-family homes, closing hospitals that aren’t profitable enough, and laying off workers at companies they have purchased. New efforts by public pension funds are hoping to counter these bad practices and instead promote investments that benefit communities and workers. Public pension funds have the ability to drive investment in our economy to promote shared prosperity while seeking competitive risk-adjusted returns....