Pennsylvania Pension Fund Seeks Divestment of Tesla Shares
The board of Lehigh County’s pension fund has paused purchases of the company's stock and seeks a full divestment.
News
Bridgewater Sustainable Investing Co-Chief Takes CIO Role at Acumen
Carsten Stendevad, who was also previously the CEO of Danish pension fund ATP will join the $500 million impact investor.
OCIO Provider Brown Advisory Expands to Abu Dhabi
The firm named Jack Weatherby as head of Middle East as part of a regional expansion.
Northern Trust Asset Management Names Mike Hunstad, Chris Roth as Co-CIOs
The duo will succeed Angelo Manioudakis, who joined the $1.3 trillion manager in 2021.
Proposals Against ESG, DEI Set to Increase This Proxy Season
ISS-Corporate research projected how shareholder engagement is likely to change this year.
Approval of Dual Share Class ETF Offerings Anticipated
Among ETF issuers polled by Cerulli Associates, 69% said they either already have filed exemptive relief applications, are planning to or are considering it.
Australia’s First Sentier Investors Names CFO, Strategy Officer
The appointment comes just as the firm prepares to launch its first ETF on the Australian Securities Exchange.
Proposed Endowment Tax Hikes Would Further Complicate University Investment Strategies
House members have proposed boosting the 1.4% endowment tax rate as high as 21%—matching the corporate tax rate.
Buffett Passes Torch After 65 Years, Offers Advice for Institutional Investors
The Berkshire Hathaway CEO announced his retirement plans at the company’s annual conference, with Gregory Abel to succeed.
Brown University Endowment Adds $5M in Bitcoin ETFs
The endowment purchased 105,000 shares of BlackRock’s iShares Bitcoin Trust exchange-traded fund.
Largest 100 Corporate Pension Plans See Strong Increases in Funding Surplus
More than half are in surplus, with 12 plans reporting a funding ratio greater than 125%, according to Milliman’s 2025 corporate pension funding study.
Public Equities Buoy CAAT Pension Plan’s 15% Return in 2024
The C$23.3 billion pension fund’s active management has outperformed its benchmark by 1.5% annually.
CalSTRS Invests in ABS Global Investments’ Emerging Markets Platform
The $3.7 billion strategy works with local specialists to target stocks in emerging market countries and regions.
ETFs See Lowest Inflows in a Year, per State Street
Investors added to gold, inflation-linked exchange-traded funds during a month of volatility.
TPG Launches Sports Investing Platform With Rory McIlroy
The professional golfer’s Symphony Ventures and the newly formed TPG Sports received an anchor commitment from Abu Dhabi’s Lunate.