The National Enquirer has been one of President Trump’s most controversial allies, delivering scathing coverage of his opponents to supermarket checkout lines and funneling $150,000 to one of his alleged mistresses to buy her silence.

So it will probably come as a surprise to many California state employees and taxpayers to learn they were helping fund those efforts.



For the record: This article mentions that the CalPERS investment was first reported by the news organization Maplight, but should have said that the same article was simultaneously published by Fast Company and Capital & Main.

During the 2016 presidential campaign, California’s massive public pension fund, CalPERS, was one of the biggest investors in the debt-laden owner of the National Enquirer, according to public records reviewed by the Los Angeles Times.