California’s two biggest public pension funds could have made about $17 billion more if they had dumped their fossil fuel investments a decade ago, climate advocacy group argues in a study it’s publishing Tuesday.
Diversified pooled fund managers posted a median 1.5 per cent return before fees for the third quarter of 2019, according to Morneau Shepell Ltd.’s latest pension universe.
Don Valentine, a venture capitalist who founded Sequoia Capital, a Silicon Valley venture capital firm that helped cement the area’s rise as a technology hub, died on Friday at his home in Woodside, Calif., the New York Times reports.
New federal taxes levied on Harvard University, including on its $41 billion endowment endowment, will cost the Ivy League college $50 million, according to Harvard’s annual financial report released Thursday.
Illinois Gov. J.B. Pritzker’s Pension Consolidation Feasibility Task Force formally issued a report explaining the benefits, procedures, and reasons to consolidate about 650 municipal pension funds throughout the state.
As a record amount of money flows into sustainable investments, asset owners and fund managers are coming under increasing pressure to prove their green credentials.