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...Its investors include state pension schemes in California, Texas, Florida and Iowa as well as investment funds in Canada, Australia and across Europe....
...The deal is the latest sign that Australian pension funds, called superannuation funds, are looking overseas and towards private assets for growth....
...Kentucky’s state pension funds this year also opted not to divest, despite anti-ESG legislation....
...The $13.3bn in withdrawals includes last week’s announcement by the Texas Permanent School Fund that it would pull $8.5bn at the end of April, the largest removal to date by Republican-run pension funds....
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
...It has also placed Thames Water’s investors, including Chinese and Abu Dhabi sovereign wealth funds and UK and Canadian pension funds, under increasing pressure after they initially committed to putting...
...These days, catastrophe bonds may be bought by big pension funds and hedge funds, but they can still leave investors with huge losses....
...It often also suits investors such as pension funds to cling on to upbeat, but stale, valuations....
...Ultimately, the SEC sided with the pension funds — though it would take until 2021, when Democrats were back in power after the Trump presidency, for universal proxy changes to be finalised....
...Some state legislatures, including Florida, Kansas and Idaho, have passed laws that ban or limit the consideration of ESG....
...Now the Florida developer thinks another bust can be avoided, the FT writes....
...Because of concerns about climate risks, the UK’s biggest asset manager, Legal & General Investment Management, and Swedish pension fund AP7, both plan to vote against the reappointment of the company’s...
...In March, Joe Biden vetoed his first bill: a Republican-led initiative to prevent pension fund managers from basing investment decisions on ESG....
...funds like Calpers....
..., and the FT’s Harriet Agnew explains why conservative UK pension funds are leading start-ups to look for capital in different countries....
...Marc FilippinoSo why don’t UK pension funds have that same flexibility? Harriet Agnew I think that risk aversion from British pension funds plays a huge part....
...The new fund is targeting $2.5bn of equity commitments, with roughly $2bn already contributed by Abu Dhabi’s sovereign wealth fund and the Canadian pension fund British Columbia Investment Management....
...Ron DeSantis, the Florida governor, has moved to bar state-run fund managers from taking ESG factors into consideration in investments....
...It is doubtful that any commitment would satisfy Matt Gaetz, the uber-disruptive Florida lawmaker who triggered last Tuesday’s motion against McCarthy....
...One character monologues about the “Wall Street” firms that restructured her dad’s company and gutted his pension, but hedge funds don’t do that type of thing. Private equity does!...
...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....
...The move comes after Florida governor Ron DeSantis, a potential Republican US presidential candidate in 2024, led a resolution to stop the state’s pension funds from considering environmental, social and...
...That question is causing headaches in California right now, after a bill was presented to the legislature that would force the state’s public pension funds, such as Calpers, to divest from fossil fuels....
...Kirkbi, an investment vehicle run by Lego’s founding family, teamed up with private equity group Blackstone and Canadian pension fund CPPIB on the £6bn takeover....
...Some firms are even offering big backers such as pension plans and sovereign wealth funds a slice of the management fee that usually goes to the fund manager....
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