Three of the city’s pension funds filed shareholder proposals seeking greater fossil-fuel transparency at six of the largest banks in North America.
The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’
The Comptroller’s Office has launched a nationwide search for an investment manager to oversee the city’s $274 billion pension portfolio.
The public pension funds join a growing number of institutional investors pulling their money out of Russia.
A reduction would help the pension system better match projected investment returns.
Sure, passive beats active hollow overall, but ferreting out the market beaters is worth it. Some pension funds heartily agree, some really don’t.
