Ombudsman is making a joke about TIAA-CREF being miniscule (at least I hope they are making a joke). TIAA-CREF has an amount almost twice the GDP of Israel under management. The amount is tiny but the significance is huge as having a respected fund such as TIAA-CREF divesting legitimizes divestment for other funds.
- 10:33 AM
from the article: U.S. pension fund giant confirms divestment from Israel firm