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NJ pension fund could dump $44 million Nike stake over Kaepernick ads

OCTOBER 1, 2018 | by Tyler Durden | ZERO HEDGE

“… Even as Nike stock has outperformed its benchmarks so far this year, contributing to a badly needed 9% return last year for New Jersey's $78 billion public worker pension fund, the board supervising the fund is considering dumping its roughly $44 million stake at the behest of representatives of the state's retired police and firefighters, who have complained that the company's Colin Kaepernick ad campaign is deeply offensive.”

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