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...Louisiana treasurer John Schroder said last week he was withdrawing $794mn from BlackRock....
...South Africa’s government employee pension fund is Sasol’s biggest shareholder, with a stake of more than 13 per cent, followed by more than 8 per cent held by a state development body....
...In March, Joe Biden vetoed his first bill: a Republican-led initiative to prevent pension fund managers from basing investment decisions on ESG....
...One is Steve Scalise, a diehard Louisiana conservative who was badly wounded in a shooter incident six years ago and is now being treated for blood cancer....
...This includes potentially heavy losses for banks, insurers, pension funds and asset managers that own trillions of dollars of sovereign and corporate debt after loading up in recent years....
...of local authority pension cash, said....
...In October, Missouri state treasurer Scott Fitzpatrick announced that the state had pulled $500mn in state pension funds from BlackRock, and Louisiana yanked $794mn from BlackRock funds....
...Defined benefit pension funds bought LDI products to hedge their risk and they were the ones selling gilts to meet margin calls as prices fell....
...Meanwhile, the US used bond sales to finance the purchase of Louisiana, crisscross the continent with railways and industrialise its heartlands....
...Municipal debt has long been a haven asset class, popular with long-term investors including pension funds and insurance companies....
...Smart read The New Yorker’s Bill McKibben this month published a study BlackRock conducted for the New York City pension funds that found oil and gas divestments by other funds worldwide “experienced no...
...fund....
...It had also set up a discretionary “support fund” for the hardest hit parents....
...Should you raid your pension pot to fund a property purchase? asks Merryn Somerset Webb....
...Mr O’Halloran says appetite is developing among pension funds in the UK and asset owners in Asia, helped by interest from consultants and advisers....
...Indeed, the trend feels more like a freewheeling movement with index providers, investment managers, pension fund executives and others making discretionary decisions....
...At a recruitment event in July, tradespeople from carpenters to pipeline painters demonstrated their work....
...• Christopher Saik has joined the Municipal Employees Retirement System of Louisiana as chief investment officer of the $780m US public pension fund....
...BT’s pension fund also declined to comment....
...The securities, which include catastrophe bonds and more bespoke collateralised vehicles, allow insurers and reinsurers to pass risks — often related to US windstorms — on to investors such as pension funds...
...That view helped Glencore sell a 40 per cent stake in its agriculture business for $2.5bn last month to Canada’s biggest pension fund....
...(FT) It’s a big day for Louisiana Barack Obama will visit the southern US state to view the extensive flood damage from earlier this month....
...the Firefighters’ Retirement System of Louisiana and the San Diego County Employees Retirement Association....
...This is the same pension that stopped investing in hedge funds in part because it was unusually bad at picking active managers....
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