Harvard Adopts Goal for ‘Net-Zero’ Greenhouse Gas Emissions by 2050
Directive for $41 billion endowment stops short of fossil fuel divestment demanded by faculty.
Asset Management Culture
Kentucky Teachers’ Fund Suspends Requirement for Notary Signatures
A patchwork of states allows remote witnesses, since in-person regulations have been made inconvenient by social distancing measures.
Maine Picks Deputy James Bennett as CIO
During his six years as DCIO, the investment professional helped team members build out the fund’s alternatives portfolio.
Kentucky Eyes $200 Million Controversial Investment in Direct Lending Firm
The pension fund seeks lucrative opportunities during the virus-driven downturn, but some staffers think the deal is too risky.
Most Institutional Investors Are Sticking to Their Private Market Allocations During the Pandemic
A survey by Eaton Partners concludes many institutional investors are keeping their allocations to private assets the same or increasing them.
New Mexico Businesses Can Apply for Relief from New $100 Million Fund
The relief, managed by private equity firm Sun Mountain Capital, comes from the state’s $5.3 billion severance tax permanent fund.
Op-Ed: We Need to Talk about Pensions
Matthew Bale from RiskFirst, a Moody’s Analytics company, takes an analytical look at the implications of COVID-19 for the UK pension industry.
Keep Workers on the Job, Group Demands, as Business Leaders Start to Concur
Investor group, headed by New York City Comptroller Scott Stringer, now sees the corporate world headed its way.
Pennsylvania SERS Waives Minimum Required Payments from DC Plan
Permitted under the CARES Act, the provision allows portfolios to recover from stock market downturns.
Barclays Joins the Carbon Neutrality by 2050 Movement
The UK-based bank has indicated it wants to align the principles of all its financing activities with that of the Paris climate agreement.
CDPQ Creates Fund to Support Quebec Firms Affected by Pandemic
Canadian pension giant provides C$4 billion ($2.83 billion) to help struggling businesses in the province.
Pandemic Causes Railway Pension to Leave Taxpayers Shouldering £8 Billion Deficit
The UK-based Transportation Railway Scheme is deliberating ways to support the troubled railway pension.
Asset Managers Face COVID-19 Legal, Compliance Issues
Shearman & Sterling identifies matters for asset managers to consider during the pandemic.
Oregon Nonprofit Eyes $10 Million Relief Fund for the Arts
The state legislature is poised to channel the money to arts and cultural groups at risk from the crisis.
Rhode Island Treasurer: Funds Won’t Be Raided
The state government secured an unprecedented $300 million in debt last week to tackle the coronavirus public health crisis.