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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...The scheme, known as the Energy Transition Accelerator, was supported by Andrew Steer, president of the Bezos Earth Fund, a key financial backer of SBTi, as well as by the Rockefeller Foundation....
...The think-tank noted that Britain’s rich donate much less than peers in countries with comparable welfare states, such as Canada and New Zealand, and found that half of all donations from the wealthiest...
...Pawson becomes chair of Murmur’s board of trustees. Other business areas could be included down the line — another trustee is Will Hutton, head of sustainability at the Premier League....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” said Armitt....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...But she told the Financial Times she would have “cause for concern” if ministers were to go a step further and direct trustees as to where funds should be allocated....
...The expansion of wealth is, after all, the raison d’être of modern finance, be that via hedge funds, pension plans or other investments....
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...These include providing subsidised technologies that can help to support exports to the EU and other markets. One possibility is the use of the “equitable decarbonisation fund”....
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...In the 1970s, the gallery’s reputation was damaged when it emerged trustees of Mark Rothko’s estate had sold paintings to the gallery for far less than market value; Frank Lloyd was later convicted of tampering...
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...For the moment, pension fund trustees in the UK are still not sure if they can prioritise the positive climate impacts of an investment at the expense of creating returns for beneficiaries, according to...
...She brings a show of eight works by the self-taught Thai painter Channatip Chanvipava, now studying at London’s Royal College of Art....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” he said, when was asked whether he thought governments should compel pension funds to invest to help meet...
...its welfare policy....
...Trustees need to be telling advisers what to do, rather than the other way around. Rory Murphy Chair of Trustees Merchant Navy Officers Pension Fund West Sussex, UK...
...Founder and chief executive of Millennium Izzy Englander has tapped several of the bank’s partners for jobs at his $62.2bn hedge fund, which increasingly resembles the markets division of a global bank....
...opposition to explain how it would fund any softening of the reforms....
...Also today, we reveal the new head of the Global Energy Alliance for People and Planet, another initiative that counts the Bezos Earth Fund as a main backer....
...The policy on offsets was made by the board without the consultation of SBTi’s technical and advisory groups, members of those groups said in a letter sent to trustees on Friday....
...The move to broaden out the types of collateral that liability-driven investment (LDI) funds can use to backstop their trades comes as the market explores ways to prevent a repeat of the near-implosion of...
...In 2022, Berkeley California-based Upside Foods raised $400mn from Temasek, the Abu Dhabi Growth Fund, Baillie Gifford, SoftBank, Bill Gates and John Doerr, chair of Kleiner Perkins....
...AI in public services and the forced merger of small pension funds....
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