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Private Prisons: Options and Implications for Concerned Investors

Values-based institutional investors have long focused their attention on companies that run private detention and correctional facilities on behalf of federal and state governments due largely to concerns about charges of poor conditions. More recently, some private prison operators have become involved in immigration detention center operation as an expansion of their established operations in the for-profit prison business, while at the same time issues of displacement and refugee resettlement have repeatedly drawn worldwide attention. In the context of today’s migration crisis, some governments, particularly those of the US, the UK, and Australia, have turned to private prison operators to help house influxes of migrants and asylum seekers.