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...Still, the recommendations can provide asset managers with cover to break with a company and support dissident board nominees. Additional reporting by Anna Nicolaou...
...Active house Franklin Templeton, with $1.4tn under management, experienced net outflows in equities of $5.3bn for the quarter, while net inflows across asset classes were just $6.9bn....
.... — Patrick Temple-West Sustainable investing Australian pension fund broadens investments amid uncertainty One of Australia’s largest pension funds is broadening its sustainable assets to include smaller-scale...
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...BlackRock manages two of the five-largest US ESG funds, according to Morningstar, and has more than $48bn of ESG assets under management....
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...Instead, they’re trying to buy themselves time by refinancing existing debt, in a move that’s commonly known as “liability management”....
...“We need these [asset management] companies to be acting on the right side of history. We need them to be helping lead the charge in the way that they were,” he said....
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...Eighteen states have passed some form of anti-ESG law, and Texas and West Virginia among others are boycotting BlackRock funds....
...The bigger picture is that Delaware chancery courts are there to make sure company boards and management are behaving appropriately....
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...Where “say on climate” resolutions were proposed by shareholders and opposed by management, BlackRock said it voted against them....
...Gensler describes crypto as a “wild west” but argues that existing securities laws are clear and new rules tailored to digital assets are unnecessary. The industry disagrees....
...Flynn will retain another role as co-head of private wealth management, and succeeds Kim Posnett....
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...Management, which oversees €526bn....
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