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...The company said Lavine, a large donor to the Democratic party and the former chair of Columbia University’s board of trustees, “believes the time is right to take on a new role” and step back from day-to-day...
...Pension funds and other investors in the US are increasingly wary of investing in China....
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...A spokesperson for the BP pension trustees said they had a duty to “continually review and assess all investment options to manage the security of the fund and members’ benefits”, adding that “such options...
...The Hong Kong authority running the MPF scheme said the BNO was not considered a valid travel document and should not be used as evidence for early withdrawal of pension funds....
...In some cases, when anti-ESG and boycott laws passed, public pension fund trustees balked at being forced to move money, saying it would violate their fiduciary duty to put investors first....
...Taiwan’s oldest insurer Taiwan Life, Denmark’s ATP pension plan, US pension manager the Minnesota State Board of Investment and several US-based charitable foundations also committed money to the fund....
...John Ball, chief executive of the Church of England Pensions Board, said: “Recent reversals of previous commitments, most notably by BP and Shell, have undermined confidence in the sector’s ability to transition...
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...But she told the Financial Times she would have “cause for concern” if ministers were to go a step further and direct trustees as to where funds should be allocated....
...The policy on offsets was made by the board without the consultation of SBTi’s technical and advisory groups, members of those groups said in a letter sent to trustees on Friday....
...For Mick McAteer, co-director of the Financial Inclusion Centre and a former board member of the Financial Conduct Authority, this is a problem....
...UK pension fund trustees must consider increasing the range of their investments, including in start-ups or other illiquid assets, or face “robust” intervention, the British regulator has warned....
...Calstrs to PE: Share the wealth Private equity executives have made a killing managing money for big investors such as US public pension funds....
...So it is with the possible purchase of DS Smith by Mondi, which has swung back around today: The Board of DS Smith notes the recent media speculation and confirms that it has received a highly preliminary...
...There is a “towering backlog” of more than $3tn in investments that PE firms must sell to return cash that was invested mostly by pension funds in the US and Europe....
...“The indicative valuation results show a major improvement in the [USS] funding position,” said Dame Kate Barker, chair of the USS board of trustees....
...(Simon Mundy) Smart reads The Taskforce on Social Factors, set up by the UK government to look at social risks and impacts that pension fund trustees should consider, published its final report yesterday...
...“We’re seeing overcapacity across the board,” he says....
...Separately, 16 Nordic institutional investors including KLP of Norway and Folksam of Sweden, which together have assets of about $1tn, sent a letter to Tesla’s board on Thursday asking the carmaker to respect...
...Political instability and the absence of an industrial strategy have encouraged myopic and risk-averse investing. A poor record of delivering fruitful public investments on time does not help....
...Given that the projects should generate stable returns over time, they could be an ideal prospect for long-term investors such as pension funds — another potential source of capital officials are looking...
...The firm’s decision makers hope going public will attract talent and raise more money from wealthy individuals as well as their institutional backers such as pension funds....
...Second, there is the question of infrastructure and private equity investment, which the government would like more of — both to improve pension fund returns and to help build back better, level up, or further...
...PFZW, Europe’s third-largest pension fund, this week sold €2.8bn in oil holdings and abandoned efforts to persuade oil and gas companies to produce “verifiable” transition plans to support the Paris climate...
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