Aetna Inc. and 19 other companies are being urged to disclose their contributions to independent political organizations by investors including unions and state pension funds with $922 billion in assets.
The New York State Common Retirement Fund and the UAW Retiree Medical Benefits Trust are among 25 investors who demanded to know how Aetna, the third-biggest U.S. health insurer, is wielding its political influence and giving money to advocacy groups such as the American Action Network, an organization opposed to President Barack Obama’s policies.