The university announced it will no longer be investing in separately managed accounts as it plans to divest from four U.S. defense companies that have contracts with the Israeli military.
The asset manager has launched a new service that offers institutional clients the ability to follow a sustainability-focused engagement and proxy voting framework and hired a managing director and head of sustainability stewardship to lead its team.
The firm has hired a managing director to lead its distribution strategy for financial advisors and dealer home office relationships and oversee its retail intermediary sales team.
The university has adopted a socially responsible investing policy that requires the institution to consider environmental sustainability and social justice factors in its investment decision-making.
The university is barring investment decisions that are based primarily on environmental or social factors in light of a new state law, while its outsourced cio looks to increase private real estate allocations.
As cio at the San Francisco-based Parnassus, focused on sustainability-related investments, Ahlsten leads portfolio management for the Parnassus Core Equity fund and Parnassus Core Select ETF strategies. He took the time to answer five questions with FIN News.
The university has voted down two proposals asking to divest its endowment from entities related to the war, humanitarian crises and human rights violations in Israel and will not consider further petitions.