Two legal advocacy groups sent petitions to half a million of their members and letters urging state officials who oversee the California Public Employees’ Retirement System (CalPERS) and the New York State Common Retirement Fund to reconsider their investments in CIM Fund III, which owns the Trump SoHo.
“The money used for this investment comes from mandatory deductions from the paychecks of public employees. These employees are thus forced to indirectly subsidize President Trump beyond the Constitution’s mandate of a fixed salary,” said the letters from Free Speech for People in Newton, Massachusetts, and Courage Campaign in Los Angeles.