In The News
Puerto Rico’s fiscal oversight board has asked a federal judge to overturn a law signed last month creating a new public employee retirement fund for the island, saying the law would overwrite the board’s restructuring plan to create a system that is doomed to crash.
The Virginia Retirement System Trust Fund has topped $100 billion, a historic high that represents a dramatic turnaround from a year ago.
“Just selling does nothing to address climate change, as ownership of the funds are just being transferred to someone else,” says one state pension fund official.
Fund I saw strong demand, nearing its hard cap of approximately $200 million.
Institutional investors view greenwashing – where an organization presents itself as more environmentally friendly than it actually – as their top concern as they attempt to integrate ESG factors into investment decisions.
Scale, capital allocation and shareholder activism were top of the agenda as panelists at a recent Global Impact Investing Network (GIIN) conference discussed the best ways to attract more institutional investor funding to the battle against climate change.
Introducing First Eagle’s Small Cap Opportunity Fund, a US fund to be managed by well-established team previously at Royce Investment Partners.
Francesca Fornasari, head of currency solutions at Insight, explained why she has avoided Bitcoin and where she sees the future of digital assets.
Fund IV will seek to invest in U.S. based healthcare, education and financial services companies that can benefit from the firm’s deep network, operating expertise, and policy perspectives.
There is as yet no industry standard for what a net-zero portfolio even means, leaving investors and portfolio managers largely in the dark as to how they should try to get there.
