Hints and tips:
...The Florida-based investment group contains the remnants of Colony Capital, once a large investor in offices and luxury hotels, which was founded by Tom Barrack, an ally to former US president Donald Trump...
...Some state legislatures, including Florida, Kansas and Idaho, have passed laws that ban or limit the consideration of ESG....
...Texas, Florida, Missouri and other GOP-led states followed suit with anti-ESG initiatives and divestments....
...It did not take long after Stephen Scherr stepped down as Goldman Sachs’ chief financial officer in late 2021 for him to start spending more time in Florida. But he was not retiring to play golf....
...Officials in Texas, Florida, South Carolina and other Republican states previously pulled assets from BlackRock and have targeted the firm for divestment after concluding that its use of ESG considerations...
...DeSantis, who is governor of Florida, boasted that he “took $2bn away from BlackRock”, referring to the state’s decision to move some investments to another asset manager....
...Separately, the Court of Chancery last year denied a customary “books and records” request from a shareholder probing how Disney had reacted to Florida’s “Don’t Say Gay” legislation....
...That figure is down from $3.9bn in the same period last year, when Hurricane Ian pummelled Florida....
...Maga Inc, a pro-Trump super Pac, has booked just $6.5mn....
...These platforms can provide “confirmation bias” for people’s pre-existing beliefs, said Miller, who is now chief executive of Integrated Media, which specialises in digital media investments....
...Manifold told the Financial Times that CRH would make more acquisitions in “high-growth areas” such as Texas, Florida, Poland, Romania and south-eastern Europe....
...“Six to seven” were for Florida-based GQG Partners, including helping it buy large stakes in companies belonging to the Adani empire over the past year as it came under pressure from the short seller Hindenburg...
...If that proves right, what’s now a niche investment could soon become big business....
...“When there are hot deals, even other [investment banks] have difficulty getting any shares from the lead left bookrunner,” said Jay Ritter, a professor of finance at the University of Florida who specialises...
...The Florida-based company said on Thursday it plans to use the cash to pay down debt and fund share buybacks....
...It was also amusing to receive so many tales of woe, having admitted in the column that I turned down an investment of a lifetime by not buying an apartment in Miami at the depths of the financial crisis...
...Aldi specifically has its eye on Florida, the third most populous US state, according to the US census....
...However, Florida’s rightwing governor Ron DeSantis, and a host of pro-Israel and Jewish lobby groups, argue that any financial group that excludes Israel from ESG baskets is antisemitic....
...Florida governor Ron DeSantis signed a sweeping anti-ESG bill that bans the state from issuing green or ESG bonds....
...This is despite political headwinds such as bans in states such as Oklahoma, Florida and Texas on government pension funds being invested with ESG mandates....
...Woke Inc is under attack. Battle lines have been drawn in America’s latest culture war, with Ron DeSantis, Florida’s governor, its general....
...Florida is the first state to remove some of its longer-term investments from the manager over ESG concerns....
...Shares in Jacksonville, Florida-based FIS have declined by about 45 per cent since it completed its acquisition of Worldpay in July 2019 from Vantiv....
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