A partnership of 14 firms representing about $460 billion in market cap is addressing racial economic disparities in their organizations.
Asset Management Culture
Guidelines are expected next year on data privacy, freedom of speech, and harmful content.
Tweaking of Pension Buyout Index shows annuity buyouts cost less than accounting liabilities.
The Singapore sovereign wealth fund previously invested in the fintech startup from PayPal co-founder Max Levchin.
The resignation of CalPERS CIO Ben Meng on ethics charges revolving around his investments spurred board to review new restrictions.
Sustainalytics Founder Michael Jantzi says COVID-19 has been a catalyst for ESG investing.
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.
Pension lifeboat takes over defined benefit plan covering 24,000 current and future retirees.
Canadian fund also names Deborah Orida as head of real assets.
Actuary recommended changes because of increasing life spans and lower-than-expected returns.
The partners will invest up to $190 million in combined equity into the project.
The $1.17 trillion fund also placed PetroChina on watch for three years over ‘gross corruption.’
The vast majority of pensions now consider the environmental, social, and governance risks to their investments.
The divestment addresses concerns raised at a parliamentary hearing earlier this month.
Board Chairman David Murray leaves, along with another director, as Boe Pahari steps down as AMP Capital’s new CEO, after uproar over Pahari’s promotion in light of 2017 harassment complaint against him.