The nation has been captivated by revelations of millions of amateur traders collectively through social media and online trading platforms taking on Wall Street’s highest cost, highest risk, most secretive money managers and winning—at least in the short term.
The two pension funds, which comprise about $63 billion in assets, don’t seem likely to follow the other retirement plans in abandoning oil and gas holdings.
Lost amid the frenzy of regulations and guidance issued as part of the Dec. 27 passage of the Coronavirus Response and Relief Supplemental Appropriations Act is the fact that some of America’s most prominent schools are rejecting the funding.