The FBI and federal prosecutors launched a criminal probe of the $70 billion PSERS plan in March after the fund’s board revealed doubts about the figure it endorsed for financial results in December.
Harvard University’s commitment to end indirect legacy investments in fossil fuels captured attention all over the world. Now higher education officials and climate activists are contemplating what the decision might mean for them.
Pension fund Teachers Insurance and Annuity Association of America (TIAA) has sold a part of its stake in land owner Radar SA to its Brazil partner in the venture amid an investigation over foreign ownership restriction rules.
With impact-focused backers from Goldman Sachs Asset Management, Rockefeller Brothers Fund, and leading private equity firms, Blue Bear will drive growth for companies leveraging artificial intelligence to speed the industrialization of renewables and buildout of sustainable supply chains.