The GameStop Woes Keep Plaguing Melvin Capital
A spate of legal complaints have been filed against the hedge fund over the past two months, as retail investors cry conspiracy and foul play.
Asset Management Culture
World’s Top Carbon Offenders Need to Step Up, Says Investor Group
Investors managing more than $54 trillion says firms require clear short- and medium-term targets and related capital expenditures.
Racial Wealth Gap Between Black, White Americans Remains Wide
Survey finds 71% of white Americans own stocks, compared with 55% of Black Americans.
CFA Institute Launches Certificate in ESG Investing
The program, backed by the UN PRI, aims to help professionals integrate ESG factors into the investing process.
Controversy Still Follows CalPERS’ CIO Resignation
More than a half-year after Ben Meng resigned, a lawsuit and pending pension system policy decisions are bringing his departure back into the limelight.
Aviva Targets Net-Zero Carbon by 2040
UK financial service firm’s environmental targets exceed Paris Agreement guidelines.
Canadian Pensions Can’t Quit External Management, Despite In-House Moves
Plans rely on outside help for better returns, talent, and technology.
Colby College Appoints Deborah Shufrin New CIO
The allocator was DCIO at Brandeis University for the past decade.
CDPQ Doubles Down on Security, Controversy
Canadian pension invests in alleged human rights violator G4S and Predator drone trainer CAE Inc.
Climate Action Pursuit: Sustainability Investing, the Obstacles, and the Opportunities
Panelists discussed the importance of ESG approaches and increasing diversity on company boards and in the broader investment industry.
NY State Pension Fund Strikes Climate Deals with Five Companies
Comptroller DiNapoli drops shareholder resolutions in exchange for commitments to greenhouse gas reductions.
Diversity Quotas ‘Absolutely’ Work, Ursula Burns Says
The businesswoman striving to diversify the racial and ethnic makeup of corporate boards talks about the most effective strategies.
Massachusetts’ Pension Fund Increases Corporate Diversity Standards
Board of $86.9 billion state fund also calls for portfolio companies to guarantee health care for workers.
TIAA Taps Thasunda Brown Duckett as CEO
She will become the first woman to helm the $1.3 trillion financial services giant.