Firm nets $4 billion in shorts, settles on singular stock strategy with Commerce Bancshares.
$35.8 billion fund says investing in coal, oil, natural gas companies is too risky.
Fund will invest 80% in securities that meet its environmental criteria and contribute to the World Wildlife Fund.
Asset managers are turning to outside helpers as a kind of extra ammunition.
Company retirement systems dropped to an 82% average funded ratio, the lowest level since 2016, thanks to the coronavirus.
The world’s largest asset manager said it’s reducing cyclical exposures to global assets, such as emerging markets and Japan.
The investment into self-driving 'moonshot' company signals growing interest in automated driving technology.
New regulations require trustees to disclose ESG investment considerations.
Compensating descendants of slaves is controversial, but the idea has gained traction in recent years.