Barclays Joins the Carbon Neutrality by 2050 Movement
The UK-based bank has indicated it wants to align the principles of all its financing activities with that of the Paris climate agreement.
Asset Management Culture
CDPQ Creates Fund to Support Quebec Firms Affected by Pandemic
Canadian pension giant provides C$4 billion ($2.83 billion) to help struggling businesses in the province.
Pandemic Causes Railway Pension to Leave Taxpayers Shouldering £8 Billion Deficit
The UK-based Transportation Railway Scheme is deliberating ways to support the troubled railway pension.
Asset Managers Face COVID-19 Legal, Compliance Issues
Shearman & Sterling identifies matters for asset managers to consider during the pandemic.
Oregon Nonprofit Eyes $10 Million Relief Fund for the Arts
The state legislature is poised to channel the money to arts and cultural groups at risk from the crisis.
Rhode Island Treasurer: Funds Won’t Be Raided
The state government secured an unprecedented $300 million in debt last week to tackle the coronavirus public health crisis.
AM Best Creates Pandemic-Related Stress Test for Insurance Firms
Pension risk transfer market likely to slow because of downturn.
Exclusive: San Francisco’s CIO Calls Allocators and Industry Leaders to Action during Pandemic
SFERS encourages business to be creative in supporting the COVID-19 relief effort and to ‘utilize the current crisis to lead the human experience to new heights.’
New York Does Not Expect to Meet 6.8% Fiscal Year Target
The state pension fund is one of the only plans that ends its fiscal year in March, closing as the coronavirus pummels markets.
BlackRock to Hold Directors’ Feet to the Fire
World’s largest asset manager will seek to oust those who don’t meet the firm’s sustainable criteria.
BlackRock Commits $50M to Coronavirus Relief Efforts
The institutional investor joins firms such as JPMorgan in mobilizing around the relief effort.
Norges Bank Draws Down Oil Revenues to Ease Coronavirus Impact
Norway’s central bank is ramping up spending amid greater calls from the government for a stimulus package.
More Public Plans Ramp Up Social Distancing Because of Coronavirus
Plans in Massachusetts, Mississippi, and other states assure retirees that benefits won’t be delayed, but suspend counseling appointments.
Aussie Pension Suspends Its Short Selling-related Stock Program
Unisuper cites its ineffectiveness in helping the current market situation.
UK’s Largest Asset Manager to Launch a Completely Green Pension Fund
LGIM is said to have conceded to membership pressure regarding its investments in the fossil fuel industry.