Harvard Faculty Divestment Vote Unlikely to Sway Endowment
The university’s management firm has resisted pressure to divest its $41 billion portfolio from fossil fuels.
News
Massive UK Pension to Cut Its External Hedge Fund Portfolio in Half
The Universities Superannuation Scheme intends to utilize its in-house investment team over managers.
Pushing for New Donors, Columbia Is Building a Climate School
The university made sweeping commitments to sustainability, including a carbon neutral pledge for 2050 and the appointment of a chief climate officer.
Brainiacs Adapt Human Skull Analysis to Predict Recessions
MIT and State Street researchers’ new index forecasts over 70% chance of recession in six months.
CalSTRS Revamps ESG Guidelines
The new guidance is meant to help the pension system engage companies in its portfolio where it can have the most impact.
Georgia Teachers Win Big in Bill Meant to Help Retirement System’s Insolvency Woes
Legislation mandating stiff rules on state educators is scaled back after consistent opposition.
Ken Griffin: Nobody Cares About Inflation, but They Should
Hedge fund kahuna laments that markets aren’t prepared for a return bout of soaring prices.
Georgetown Is Latest University Pledging to Unload Fossil Fuels—Someday
The Jesuit school said it will get rid of energy stocks over 10 years.
Crypto Ponzi Scheme Took Millions from over 100 Investors
The alleged victims included former MLB players, their families, and senior citizens.
CalPERS Critic Left Off Investment Committee
As panel is downsized to 9 members, Margaret Brown is removed from the list. Also gone: State Treasurer Fiona Ma
Economic Harm from Virus: 0.4% Off World GDP
IHS Markit predicts that a prolonged problem will extend far beyond China.
Big Danish Pension Fund to Trim Fossil Fuel Investments
The trend toward sustainable investments heats up as Denmark’s ATP joins the movement.
Artificial Intelligence? Start Investing Now, Says Foundation Group
Two major US private foundations lead venture capital push into AI, which they say will disrupt multiple industries.
Kentucky Governor’s Budget Plan Would Cut State Pension Contributions
State retirement system pegs the shortfall at $83 million, but Beshear says it’s $25 million.