Asset Allocation
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.
Tag: divestment
Asset Allocation
Georgetown Is Latest University Pledging to Unload Fossil Fuels—Someday
The Jesuit school said it will get rid of energy stocks over 10 years.
Asset Allocation
NY to Investigate Coal Investments to See If Green Efforts Are Improving
Move is a step in the New York State Common Retirement Fund’s overall plan to decarbonize its portfolio.
Alternatives
UK Pension Plan Tells Managers: Adhere to Low-Carbon Investments or Leave Us Alone
Brunel Pension Partnership sets out a ‘groundbreaking new approach’ to tackle carbon emitters.
Asset Allocation
Fossil Fuel Divestment Yields ‘No Discernible Effect’ on Endowments
But study also finds divestment has no adverse effects on university portfolios.
Asset Allocation
Rhode Island Launches Offensive Against Assault Weapons and Private Prisons
State Treasurer Seth Magaziner cites perverse corporate incentives and escalating violence for pulling investments out of the two industries.
Pensions
New York City Takes ‘Major Next Step’ on Fossil Fuel Divestments
City hires Meketa Investment Group to develop divestment plan by end of year, citing federal inaction on climate change.
Asset Allocation
More Than Half of UK Public Universities Commit to Divest Fossil Fuel
Divestment campaign gathers steam with 79 universities signing on since 2014.
Asset Allocation
CalSTRS Rejects Fossil Fuel Divestment
A report details CalSTRS policy of engaging fossil fuel companies rather than dumping their stock, which it sees as a last resort and potentially harmful to the portfolio.
Asset Allocation
NYC and London Mayors Urge Global Cities to Divest from Fossil Fuels
Mayors Bill DeBlasio and Sadiq Khan implore that ‘time is running out’ on climate change; provide a toolkit for divestment.
Asset Allocation
University of British Columbia to Divest C$380 Million from Fossil Fuels
President declares climate emergency, but activists say it isn’t enough.
Asset Allocation
CalPERS CIO: No Divestment of Fossil Fuel Companies
Addressing climate change advocates directly, Ben Meng says divestment is not the fiscally sound path.
Regulation
Connecticut Moves to Embrace ‘First-of-its-Kind’ Gun Divestment Policy
State treasury plans to divest from civilian gun manufacturers to mitigate the national gun violence crisis.
Risk
Fisher Fallout Could Top $2.6 Billion
Investors continue to divest from Fisher Investments after founder’s allegedly sexist remarks.
Asset Allocation
Norway’s Pension Fund Divests from Upstream Energy Companies
The Scandinavian country is the latest entity to run scared from oil-dependent firms.