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The United States' largest pension fund has classified more than US$3bil of holdings in oil drillers, coal miners, and other major greenhouse gas producers as climate-friendly investments, according to a new analysis of public records.
The California Public Employees’ Retirement System (Calpers) has hired Stephen Gilmore from New Zealand’s sovereign wealth fund as chief investment officer (CIO) to run its roughly US$495bil portfolio.
CALIFORNIA: California’s top public pension system says it will more than double its climate-focused investments to US$100bil by 2030 and consider selling stocks in companies with poor plans for the energy transition.
The California Public Employees’ Retirement System (CalPers) is making a US$1bil (RM4.37bil) wager that small private equity firms without the heft of the biggest buyout institutions can boost the pension giant’s returns and clout.Calpers, the largest public pension fund in the United States, will invest US$500mil (RM2.2bil) each with TPG Inc and GCM Grosvenor to help launch funds backing up-and-coming private equity firms, pension officials said.
(Reuters) -The number of victims of the MOVEit hack grew by several million on Thursday after the biggest U.S. pension fund, Calpers, and insurer Genworth Financial said personal information of their members and customers had been compromised.
NEW YORK: CalPERS, the largest US public pension fund says it will vote for a shareholder proposal that Berkshire Hathaway Inc replace Warren Buffett as chairman, although he would remain chief executive officer (CEO).
In China, Xiao Zhang’s two-year-old quantitative hedge fund has been a standout in an industry struggling with falling returns.
Ultra-rich stepping up as pension funds reach limit
NEW YORK (Reuters) - Seven state government employee pension funds including CalPERS, the largest U.S. pension plan, took stakes in electric vehicle startup Rivian Automotive Inc in the quarter that ended Dec. 31, according to securities filings released Monday.
THERE’S already too much money chasing too few assets and yet even the most sober investors seem ready to add to the problem.
The slump in private equity returns in recent years has pushed US pensions and endowments to lean on an old and familiar investment: stocks.
NEW YORK: Russia needs to ramp up liquefied natural gas (LNG) exports to replenish Kremlin coffers and fund its war in Ukraine. Western pension funds may inadvertently be lending a hand.
Exxon Mobil Corp is again finding itself in the crosshairs of environment-focused investors who say the company is falling far short of its climate-related commitments.
Global ESG investors with US$9.5 trillion under management say it’s time to demand more accountability from private markets, amid evidence they’re increasingly absorbing fossil-fuel assets.
SYDNEY: Australia's A$2.4 trillion ($1.54 trillion) pension sector grew its investments in local and foreign debt by more than A$20 billion over the past year as higher yields burnished an asset class overlooked in a country where equities traditionally rule.
Tokyo: When veteran money manager Shuhei Abe met with Warren Buffett in Tokyo earlier this year, they exchanged similar thoughts about value investing in Japan.
NEW YORK (Reuters) - Nvidia Corp's debut in the club of U.S. companies valued at $1 trillion on Tuesday may have given a boost to a number of portfolio managers who bought in to the stock, according to data revealed in first-quarter hedge fund filings, such as Australia listed boutique investment firm GQG Partners.
TOYOTA CITY, Japan: Toyota shareholders rejected a resolution urging greater disclosure of its climate lobbying on Wednesday, voting down the first investor proposal to come before the automaker's annual general meeting in almost two decades.
A criminal hacking gang has added more names to its lists of alleged victims from a recent campaign that exploited a vulnerability in a popular file-transfer product.
FRANKFURT (Reuters) - Siemens Energy on Tuesday said it was among the targets of the MOVEit hack that has hit several corporations and institutions in recent weeks, adding no critical data had been compromised and its operations remained unaffected.
