Asset Allocation
Norway’s $1.9T SWF Divests 11 Israeli Investments, More Possibly to Come
The country’s central bank has also terminated its contracts with external managers in Israel.
Tag: Israel
Risk
Finance Chiefs Are Cheerful About the Economy’s Long-Term Prospects
U.S. Bank survey finds 58% of CFOs are optimistic about prospects three years in the future.
Corporate Moves
Blackstone Hires Thomas Nides for New Vice Chairman Role
The former Morgan Stanley vice chairman, deputy secretary of state and ambassador to Israel will lead the firm’s client relations.
Risk
Will Red Sea Attacks on Cargo Ships Spark Inflation?
Only to a minor degree, says LPL Financial—goods prices already are low, so there’s a cushion.
Asset Allocation
At Least 8 States Buy Israeli Bonds Totaling More Than $100M to Support War Against Hamas
Moody’s warns that a prolonged conflict could hurt the country’s credit rating.
Pensions
Netherlands Ranks 1st Among 47 Global Pension Systems
The 2023 Mercer CFA Institute Global Pension Index ranked pension funds around the world on adequacy, sustainability and integrity; the US got a C+.
Market Moves
Why Hamas Attack Might Not Slam Stocks Too Much
Expect higher oil prices, but these likely will not be crippling, strategists say.
Risk
Michigan Pension Loses Lawsuit Against Unilever Over Ben & Jerry’s Israel Boycott
A federal judge dismissed a case that alleged Unilever misled investors by concealing a board resolution.
Asset Allocation
States Divest Unilever Stock Over Ben & Jerry’s Boycott
New Jersey and Arizona are pulling a combined $325 million out of the consumer goods giant after the ice cream maker said it would stop selling in Israeli-occupied territories.
Pensions
Norway’s Largest Pension Firm Divests from 16 West Bank-Linked Firms
KLP says the companies pose an ‘unacceptable risk’ over alleged human rights violations.
Asset Allocation
Norway’s Sovereign Wealth Fund Excludes 3 Firms for Rights Violations
Shapir Engineering and Industry, Mivne Real Estate, and Honeys Holdings were deemed an ‘unacceptable risk.’
Coronavirus - COVID-19
Vaccine Elation Will Lead to the Market’s Fall, BofA Sage Warns
The S&P 500’s happy days are numbered, with investors blind to Washington overreach, says Michael Hartnett.
Post-COVID, What’s on the World Scene That Could Muck Things Up?
Geopolitics will continue to roil the investment landscape for US investors, experts warn.
Research
Netherlands, Denmark Repeat as World’s Top-Ranked Pension Systems
Study finds COVID-19 pandemic is expected to widen the gender gap as women make up more than half of hardest hit sectors.
Regulation
Brown University President Rejects Israel Divestment
Christina Paxson says endowment is ‘not a political instrument.’