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.
Glenn Youngkin, formerly of The Carlyle Group, joins a crowded field that includes retired Army officer Sergio de la Peña, entrepreneur and former Fox News contributor Pete Snyder, firebrand conservative state Sen. Amanda Chase and state Del. Kirk Cox, who was House speaker when Republicans last controlled the chamber.
Harvard University, Yale University, Brown University and the University of Michigan are among schools whose multibillion-dollar endowments have begun buying cryptocurrency directly on exchanges, according to a report.