A Japanese public pension fund that manages its portfolio in line with the world’s largest pension manager has boosted investments in ESG-related stocks by more than sixfold in its $62 billion domestic equity portfolio.
For years, Renaissance Technologies was among the most exalted names in high finance, as close to a sure-thing as Wall Street had. But recent months have battered its reputation, and investors are now streaming to the exits.
Instead of heralding a new wave of investor populism, the rise and fall of GameStop’s stock may end up reinforcing what professional investors have known for a long time: Wall Street is very good at making money.
Lisa Woll, CEO of US SIF, discusses how inconsistent guidance has hindered the inclusion of sustainable investing options in defined contribution plans, but there is hope that a review ordered by President Joe Biden can change that.