Calpers Scrutinizes Blackstone Portfolio Practices Over Child Labor Fine

(WSJ) California Public Employees’ Retirement System ratcheted up its scrutiny of private-equity manager Blackstone in the wake of a child labor scandal at a company the firm owns.  

During a Tuesday investment committee meeting, Anton Orlich, managing investment director for private equity, said Calpers had demanded that representatives of Blackstone come to the pension’s Sacramento headquarters to discuss how the breach at Packers Sanitation Services happened. 

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