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Connecticut Treasurer Sharply Increases State's Investment in Israel


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By Stanley Heller

January 4, 2017. In the summer of 2014 our Middle East Crisis Committee again complained to State Treasurer Denise L. Nappier about Connecticut's investments in apartheid Israel. We asked how much those investments were. In reply Deputy State Treasurer Christine Shaw wrote back and said, " As of July 29, 2014, the total exposure to Israel - which includes both stocks and bonds -- is approximately $37 million… Of the $37 million, approximately $21 million is held in Israeli securities within our developed international stock fund. The remaining $16 million reflects the value of our holdings in diversified Israeli bonds."

At the end of 2017 I again wrote to the Treasurer's office asking for an update. The news isn't good. Bond holding have gone down a bit to $14 million, but stocks ownership has tripled, to $64 million. There is also another investment in Israel, speculation in currency (Israeli shekels). We don't know if it's new. It's at $36 million. So there's $114 million in state employee and teacher pension money invested in Israel.

Why not write an email post to our Treasurer and her deputy. Talk about what Israel is doing to Palestinians. Suggest the $114 million could be better invested in Connecticut to provide jobs for Connecticut workers. Ask why she took a principled stand years ago against human rights atrocities in Sudan and cannot do the same for Arabs in the land controlled by the Israeli apartheid government.

State Treasurer Denise Nappier, State.treasurer@ct.gov
Deputy Treasurer Lawrence Wilson Lawrence.Wilson@ct.gov



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