
Asset Allocation
Big Oil Strikes Back at ESG
A Texas bill would force the state’s retirement systems to divest from companies that divest from fossil fuels.
Gen Y folks are five years behind Baby Boomers financially at a comparable age, renowned UTIMCO chief laments.
Institutional investors are wary of betting on the gas until it proves itself, as the technology is nascent. But its stocks are surging anyway.
Renewable sources like wind and solar may not be enough. Pension plan investors weigh the odds.
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.
Environmental groups say CalPERS, CalSTRS, and Colorado PERA missed $19 billion by keeping fossil fuel stocks in their portfolios.