CalSTRS Winnows Candidate List for China Equities Manager
Pension giant is seeking a better way to implement its China equity exposure.
Pension giant is seeking a better way to implement its China equity exposure.
Although seldom apparent in financial statements, environmental, social and governance deficiencies can come out of nowhere and slam investors.
The April scrapping of a 2017 ban cleared the way for the likes of Blackstone to join the S&P 500.
The pension giant announces it will vote against the biggest polluters and all boards that have no women members.
Market slump causes $262 billion drop in U.S. public pensions’ funding levels in June.
Verus Advisory is the latest to join the group of signatories, which so far represent $17 trillion in assets.
The $315 billion pension fund has voted on more than 1,000 shareholder proposals during the 2022 proxy season, many of them climate-related.
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
Private and public equity gains of 51.9% and 41.8% boosted the fund’s asset value to $308.6 billion.