USS Targets Tobacco, Thermal Coal for Divestment, Exclusion
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’
News
Schwarzman Dodges Bullet: Boosts Warehouses, Dumps Hotels, Malls
His Blackstone Group’s real estate arm manages to avoid bad trends and embrace good ones.
Racism Is an ESG Problem, Says Calvert CEO
The leader of the responsible investing group said investors must demand actionable outcomes from businesses.
Ohio Court Rules Segal Blend Violates ERISA
Case has ‘significant ramifications’ for employers contesting their withdrawal liability from multiemployer plans.
Hawaii Makes $25M Venture Capital Investment for Local Growth
The state pension plan said local fund managers can expect to see an increase in commitments.
US Indicts 33 in $2.5 Billion Scheme to Aid North Korean Nukes
North Korean, Chinese nationals charged with funneling money through US banks.
Ares Management to Pay $1 Million to Settle SEC Charges
SEC says private equity firm failed to enforce potential misuse of material nonpublic information.
CDPQ Reports Solid Year of Progress Despite Missing Return Target
Fund misses benchmark by 1.6%, but reports substantial progress in international markets, liquidity, and stewardship.
Low Funded Public Pensions Might Not Survive the Decade
Market downturn could be the final straw for struggling public pension plans.
Rhode Island Attorney Jailed for Collecting Pension Benefits of Deceased Client
Attorney pleads guilty to taking $234K over 12 years.
Supreme Court Rules Pensioners in Fully Funded Plans Can’t Serve ERISA Suits
Plaintiffs charging mismanagement of funds would have received the same fixed payment regardless of investment outcomes, the ruling said.
Trump to Investigate the ‘Hidden Risks’ of Investing in Chinese Companies
The president pledges to ‘protect American investors’ by studying the operational behaviors and guiding principles of the Chinese companies that they invest in.
Why Did Bill Ackman Unload His Berkshire Stake?
A self-proclaimed acolyte of Warren Buffett, the hedgie isn’t loudly applauding the Oracle of Omaha like before.
Norges Bank Finalizes Contract with Controversial CEO Pick
The incoming chief executive will distance himself from his old hedge fund.
Movie Producer Accused of Defrauding BlackRock Fund
William Sadleir was arrested after allegedly using BlackRock investment to buy a mansion and a Tesla.