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...British retirement funds hold more than £1tn in assets on behalf of tens of millions of savers but they have come under fire from policymakers and City asset managers for allocating more cash to global equity...
...Part of the problem is that ESG funds often try to address too many factors at once, says Brad Lander, who runs New York City’s $248bn in pension funds, leading to “a loss of clarity and strategic attention...
...Phil Triggs, tri-borough director of treasury and pensions at Westminster City Council, which co-ordinates investment operations for four town hall London pension funds, including Kensington and Chelsea,...
...It drew immediate fire from advocacy groups supportive of the SEC’s efforts to tighten rules that have long exempted capital groups from having to provide the same disclosures required on public markets....
...But in recent weeks, Israel has expanded its targets, striking the Lebanese town of Ghaziyeh, about 5km south of the coastal city of Sidon, as well as Jadra, a city just 30km south of the capital Beirut,...
...The funding crisis in England’s local authorities is “forcing them to the pawnshop” in a fire sale of assets....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...tourists in gateway cities such as London....
...The world faces a looming “retirement crisis” that requires a rethink of pensions and working patterns as medical breakthroughs boost longevity, BlackRock chief executive Larry Fink has warned in his annual...
...Fuel to the fire Madrid has scored a high-octane victory over Barcelona in the perennial race between Spain’s two biggest cities, securing the right to host the country’s grand prix from 2026, write Carmen...
...The US-built pier will be necessary in part because Israel bombed a small port for local fishermen in Gaza City, which is in the north, in the first week of its military assault on Hamas....
...The City of London Corporation report noted the government’s Mansion House compact announced in July, in which ministers set a goal of securing £75bn of investment by pension funds in high growth companies...
...Some good news The reconstructed spire of Paris’s Notre-Dame cathedral, damaged in the devastating fire of 2019, can now be seen after scaffolding was removed following almost five years of reconstruction...
...But no one thought, wouldn’t it be great to commission a graphic artist to do something really celebratory? Lilah RaptopoulosRight. Right. It really does take a level of creativity....
...The sputtering push for accountability in global supply chains In September 2012, the Ali Enterprises clothing factory in the Pakistani port city of Karachi caught fire....
...EU leaders vowed to ease the burden of environmental rules in an attempt to quell protests by farmers, who demolished statues and started fires in Brussels during a summit on Thursday....
...Back in November 2022 these investors — including Trillium Asset Management, the New York City Retirement System and the Greater Manchester Pension Fund — had filed a shareholder proposal that would have...
...which clients pay a commission....
...The highway from the Belgian city of Namur to Brussels suffered a traffic jam like none other last week. Around 700 tractors and 1,500 farmers blocked the road, many staying for 36 hours....
...After days of malfunctioning, Catania’s water network, which serves the city’s 300,000 citizens, collapsed this weekend following a fire at an electrical station, the city’s water company said....
...invest in start-ups / From Antonia Cox, Former Committee Chairman, City of Westminster Pension Fund, London W2, UK...
...‘Khanservative’ Lina Khan, the chair of the Federal Trade Commission, has a new group of unlikely supporters, The Wall Street Journal writes....
...The two stories raise an interesting question: from the point of view of banks exposed to CRE in cities where WeWork remains a significant presence, is the company too big to fail?...
...We need to see women represented at the highest levels of the City, the highest levels of society, showing the blokes how it’s done. But Anna, what’s keeping you happy this International Women’s Day?...
...In the following years, Chicago rebuilt itself with new rules and an upgraded fire department to limit the risk of flames raging across the city....
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