Amid protests over systemic racism, institutional investors, investment consulting firms, and large white-owned asset management firms have released a wave of statements condemning discrimination and praising diversity. Here’s a better idea: Do something.
The battle lines are being drawn over the Department of Labor’s proposed changes to the rules for ESG investing for pension funds and other retirement funds.
Two Florida public service pension funds have asked a US court to certify as a class action their claims that drugs company Perrigo harmed investors by allegedly failing to disclose its liability on a €1.6bn tax assessment from Revenue.
Hawaii Employees’ Retirement System (ERS) has been operating since 1926. It now has 126,000 retirees on its rolls. It pays out US$ 1.4 billion to them annually.
U.S. Treasury yields have fallen close to record lows when adjusted for expected inflation, providing an extra boost to riskier assets in response to both better economic data and the promise of continued monetary stimulus.
In June 2014, the University of Dayton ventured into fairly uncharted territory for a Catholic college, much less any academic institution in the United States.
New York’s pension fund is recognized by independent observers as a leader among investors in responsibly addressing the risks and opportunities presented by climate change.