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...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...
...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....
...The rollercoaster proved to be too much for many clients, a mix of pension funds, charities, aristocrats, staff, friends and family of the financier....
...A group of enthusiasts and journalists were flown in from San Francisco, along with members of the architectural press....
...For Mick McAteer, co-director of the Financial Inclusion Centre and a former board member of the Financial Conduct Authority, this is a problem....
...By the end of 2019 he had sold off his entire stake in Uber, worth more than $2.5bn, and left the company’s board....
...In response to such criticisms, the SOC says that its economic interest is the almost two and a half million employees it represents, and the pension fund with which it is affiliated, who also hold stakes...
...Data visualisation by Keith Fray Letters in response to this article: Pension fund assets could be made to work for benefit of all / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension...
...Analysts and investors have often doubted the Italian group — which includes brands such as Emporio Armani, Armani Exchange and the higher-end Giorgio Armani, as well as luxury hotels, restaurants and a...
...The pension trustees should get £20mn from Wilko’s property assets, although it is unclear what the pension deficit is....
...According to the US pension fund’s board minutes from May last year, provided to the Financial Times through a public record request, Huang recommended that MassPRIM invest $150mn into Sequoia China, lauding...
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...The operator of the craft, OceanGate, confirmed that the five people on board — its chief executive Stockton Rush, Pakistani businessman Shahzada Dawood and his son Suleman Dawood, British businessman Hamish...
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...With 37,000 employees, plenty of whom are part of the BT pension scheme, Openreach looks doubly difficult to prise away....
...employees and others without legislative approval....
...While the fund’s forecasts hadn’t changed much since the start of the year, it warned of a “hard landing” for the global economy if ever-higher interest rates are needed to bring down sticky inflation and...
...The pension funds first invested $10mn and $11mn, respectively, into the Morgan Creek Blockchain Opportunities Fund in 2019, a year after being alerted to the potential of the technology....
...“[All] of Multicoin’s operating entities and funds and employees are fine,” co-founder Kyle Samani told the Financial Times....
...The Federal Reserve Bank of San Francisco, where SVB chief executive Greg Becker was a board member, also found risk deficiencies, The New York Times reports....
...Of Gold, he wrote, “The notion that a non-profit company could take donated funds and pay them to a principal of the company to invest in a for-profit business is simply absurd.”...
...“There is a lot of spending going on out there. Hotels are full, restaurants are full.” The global picture is equally encouraging....
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...Job moves Nasdaq has named its president and chief executive Adena Friedman as chair of its board. That means she’s out of the running for Carlyle’s top job, people familiar with the matter told DD....
...Hotels and landlords turned out FTX employees, some of whom moved into properties owned by the company. Many workers rushed to book tickets off the island....
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