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NYC Police Pension Fund Approves Divestment of Russian Holdings

  • Pension held $42.2 million in Russian assets in February
  • Divestment will begin with companies sanctioned by U.S.

New York City’s $53.6 billion pension fund for police officers voted to sell stocks and bonds issued by Russian companies, beginning with those sanctioned by the U.S. government. 

The fund, with more than 85,000 active members and retirees, held $42.2 million in Russian securities as of Feb. 25.