Newsmakers
Wide Index Use Means ESG-Minded Investors Own Private Prison Stocks
That’s how lock-up companies, in poor odor lately, end up in top pension portfolios.
Tag: Divestment
Danish Pension Dumps Vale After Intervention Fails
MP Pension adds Vale to exclusion list after engagement talks prove fruitless.
Risk
Norway Approves Sovereign Wealth Fund Fossil Fuel Divestment
World’s largest pension fund will dump $13 billion worth of oil, gas, and coal investments.
Risk
UK’s NEST Pension to Quit Smoking
Move follows series of funds no longer interested in carrying tobacco-related investments.
Risk
Third Swedish Pension Plan Divests from Nukes and Tobacco Companies
AP2’s decision sees it keeping up with new laws, sister funds AP1 and AP4.
UK MPs Call for Parliament’s Pension Fund to Divest Fossil Fuels
Lawmakers demand fund dumps BP, Royal Dutch Shell holdings.
Risk
Norway’s Largest Pension Fund Divests From Alcohol, Gambling Investments
Action latest in KLP’s quest to eliminate ‘sin stocks’ from its $80 billion portfolio.
Newsmakers
Two States Assail Alabama Following Abortion Ban
Maryland comptroller Franchot says pension money will not be used to ‘subsidize extremism.’
Newsmakers
New Zealand Super to Divest from Seven Gun Companies
Christchurch shootings, tighter firearm laws make for a quick decision from fund’s guardians.
Asset Allocation
CalPERS Investment Committee Rejects Tobacco Reinvestment Again
In a surprise move, investment committee member Jason Perez called for a vote on reinvesting in tobacco stocks, but his plan was shot down.
Regulation
Brown University President Rejects Israel Divestment
Christina Paxson says endowment is ‘not a political instrument.’
Newsmakers
CalPERS Says No to Legislation Forcing It to Divest from Private Prisons
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
Majority of Divestments Lose Value, Report Finds
Research shows that 54% of divestitures underperformed the markets since 2010.
Risk
World’s Largest Sovereign Wealth Fund Flexes Its Muscles
Norway’s pension giant has divested from 240 firms since 2012.
Risk
Norway’s Sovereign Wealth Fund Adds Three Firms to Exclusion List
Fund divests one company due to human rights violations, and two for coal activities.