BP’s oil fiasco has pushed lobbyists in the UK to urge pensions to disclose what environmental, social and governance (ESG) issues are taken into account in their investment policy.
Directionless investors are conspiring with weak macro-economic conditions to unsettle a business model dependent not just on activity, but short selling, leverage and spreads, says Dominic Hobson, editor in chief of Global Custodian.
The California State Teachers’ Retirement System has joined forces
with Amalgamated Bank and Manville Trust to file a lawsuit against
Massey Energy for alleged safety misconduct.
According to the Pension Protection Fund (PPF), the collective
deficit of the UK's private sector final-salary pension schemes worsened
by more than £40 billion in May.
A new report reveals
twice as many investors are asking stock and bond managers about their
global-warming policies as two years earlier, but integration of these
policies into investment mandates has failed to take off.
A trend has emerged as pension
funds
shift away from equities and invest in riskier assets by diversifying
into alternatives, with infrastructure leading the way.
A new FTfm survey finds that passive and fixed-income investment
managers are on the rise in the institutional investment space, with
Legal & General Investment Management and Barclays Global Investors,
now subsumed by BlackRock, taking the lead.
BP's Chairman Carl-Henric Svanberg and Group Chief
Executive Tony Hayward issued a statement saying they will meet
obligations to institutional investors, including
pension
schemes, but are unable to guarantee dividend
payments.
