The state pension plan is incorporating sustainable investing across asset classes.
The Jesuit school said it will get rid of energy stocks over 10 years.
The trend toward sustainable investments heats up as Denmark’s ATP joins the movement.
Move is a step in the New York State Common Retirement Fund’s overall plan to decarbonize its portfolio.
Hedge funds and other active strategies still play a role in diversifying risk in client portfolios, says firm’s Hyman.
Private equity made up 5.6% of the pension fund’s portfolio as of October, short of 6% goal.
Class action suit on behalf of 330,000 members alleges breach of duties.