Ora Coren | Ha’aretz
12 September 2009
The U.S. pension fund giant, TIAA-CREF, confirmed in statements to the media on Friday that it divested from Africa Israel Investments, owned by Israeli billionaire Lev Leviev, earlier this year.
The statements came in response to a letter initiated by a pro-Palestinian group, Adalah-NY, and signed by TIAA-CREF clients.
The fund’s investment in Africa Israel amounted to only $257,000, so the financial effect of the divestment is minimal. The news of the divestment came as the Israeli firm was suffering a deep financial crisis, having recently announced that is unable to meet its liabilities to its … Continue reading