The University of Colorado said Wednesday it is taking steps to divest its investments Russian companies as the governor pressed Colorado’s public higher education systems to investigate their holdings that involve any Russia ties.
In a letter to the nine public higher education university systems and the state’s community college system, Polis asked they divestment any endowments of Russian-owned assets, terminate contracts with the Russian government, and get rid of any grants in which Russia or Russian institutions “are the primary beneficiary.”
The state pension fund, Colorado PERA, said Friday it was divesting $7.2 million invested in the Russian-owned Sberbank. Another roughly $800,000 was invested in four other companies, PERA said. Additionally, the university system has about $3.5 million in value invested in mutual funds with equity holds in Russia and says it has asked the mutual funds to “exit these holdings as early as allowable.”
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