Small-cap stocks have been on a tear since last fall, with the Russell 2000 index ending June with its ninth consecutive month of gains, its longest monthly winning streak since at least December 1986.
Puerto Rico’s fiscal oversight board has asked a federal judge to overturn a law signed last month creating a new public employee retirement fund for the island, saying the law would overwrite the board’s restructuring plan to create a system that is doomed to crash.
“Just selling does nothing to address climate change, as ownership of the funds are just being transferred to someone else,” says one state pension fund official.
Institutional investors view greenwashing – where an organization presents itself as more environmentally friendly than it actually – as their top concern as they attempt to integrate ESG factors into investment decisions.
Scale, capital allocation and shareholder activism were top of the agenda as panelists at a recent Global Impact Investing Network (GIIN) conference discussed the best ways to attract more institutional investor funding to the battle against climate change.
Fund IV will seek to invest in U.S. based healthcare, education and financial services companies that can benefit from the firm’s deep network, operating expertise, and policy perspectives.