Ford Foundation Doubles Racial Justice Funding to $330 Million
The investment comes from proceeds from the $1 billion social bond offering earlier this summer.
Asset Management Culture
Aiming to Boost Diversity, Canadian Institutions to Monitor Corporate Behavior
A group of funds holding roughly $2.3 trillion say they will make demands on companies whose stocks are in their portfolios.
Cambridge University to Divest from Fossil Fuels by 2030
University also vowed to reduce its greenhouse gas emission to zero by 2038.
Mubadala Puts $2 Billion into Silver Lake for 25-Year Strategy
The fund has also taken a minority equity stake of less than 10% in the firm.
CalPERS Taps Yup Kim as Private Equity Investment Director
He joins the $407.5 billion pension giant from Alaska’s sovereign wealth fund.
Harvard’s Endowment Returns 7.3% for the 2020 Fiscal Year
The university cautioned the strong returns may not be enough to blunt the financial impact of the pandemic.
Investment Chiefs Leave Kentucky Retirement Systems for Consulting Firm
The struggling pension system will search for replacements after Rich Robben, Andy Kiehl depart at the end of September.
Connecticut Treasurer and Ford Foundation Launch Diversity Coalition
A partnership of 14 firms representing about $460 billion in market cap is addressing racial economic disparities in their organizations.
SASB Eyes Standards on Internet Content
Guidelines are expected next year on data privacy, freedom of speech, and harmful content.
Pension Buyouts a Relative Bargain, Says Mercer
Tweaking of Pension Buyout Index shows annuity buyouts cost less than accounting liabilities.
GIC Leads $500 Million Funding into Consumer Credit Unicorn Affirm
The Singapore sovereign wealth fund previously invested in the fintech startup from PayPal co-founder Max Levchin.
New Investment Restrictions Coming for CalPERS CIO
The resignation of CalPERS CIO Ben Meng on ethics charges revolving around his investments spurred board to review new restrictions.
Pandemic Creates Watershed Moment for Sustainable Investing
Sustainalytics Founder Michael Jantzi says COVID-19 has been a catalyst for ESG investing.
Investor-Led Climate Action 100+ to Judge Companies on Sustainable Benchmark
The standard developed by the global alliance of allocators and EY Consulting will be released next year to assess which businesses are leading the transition to net-zero carbon.
PBGC to Pay Pension Benefits for McClatchy
Pension lifeboat takes over defined benefit plan covering 24,000 current and future retirees.