For Global Chief Investment Officers
If you have news of interest to the world's largest asset owners and the people who advise them, email us at kmcdaniel@assetinternational.com
The nation's largest pension is seeking to cut risk in its $46 billion bond portfolio by 50%.
Activists are organizing a campaign to urge the $33 billion Gates Foundation to sever ties with agribusiness giant Monsanto and other firms involved in developing bio-engineered crops, encouraging the foundation to shift its funding priorities from industrial agriculture to socially and ecologically appropriate practices.
Britain's Pension Protection Fund (PPF), created in 2005, aims to build its solvency ratio to 110% over the next 20 years, from 88% in March 2009.
Norwegian Finance Minister Sigbjorn Johnsen said the oil fund has excluded two Israeli firms for ethical reasons.
Connecticut will carry out an asset allocation and liability study for each of its six state pension funds, while the Montana Board of Investments has commissioned an asset-liability study for the $2.5 billion Montana Teachers' Retirement System.
Europeans (effete liberals!) love it. Public pensions and foundations (goody-two-shoes!) like it. Yet, to American corporate defined benefit plans, socially responsible investing—bearded hippies!—has been anathema to their very existence. Will this ever change?
“Nearly all men can stand adversity, but if you want to test a man's character, give him power.”
-Abraham Lincoln