Risk
Norway’s Largest Pension Fund Divests From Alcohol, Gambling Investments
Action latest in KLP’s quest to eliminate ‘sin stocks’ from its $80 billion portfolio.
Tag: Divestment
Newsmakers
Two States Assail Alabama Following Abortion Ban
Maryland comptroller Franchot says pension money will not be used to ‘subsidize extremism.’
Newsmakers
New Zealand Super to Divest from Seven Gun Companies
Christchurch shootings, tighter firearm laws make for a quick decision from fund’s guardians.
Asset Allocation
CalPERS Investment Committee Rejects Tobacco Reinvestment Again
In a surprise move, investment committee member Jason Perez called for a vote on reinvesting in tobacco stocks, but his plan was shot down.
Regulation
Brown University President Rejects Israel Divestment
Christina Paxson says endowment is ‘not a political instrument.’
Newsmakers
CalPERS Says No to Legislation Forcing It to Divest from Private Prisons
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
Majority of Divestments Lose Value, Report Finds
Research shows that 54% of divestitures underperformed the markets since 2010.
Risk
World’s Largest Sovereign Wealth Fund Flexes Its Muscles
Norway’s pension giant has divested from 240 firms since 2012.
Risk
Norway’s Sovereign Wealth Fund Adds Three Firms to Exclusion List
Fund divests one company due to human rights violations, and two for coal activities.
Risk
Another Swedish Pension Fund Makes Huge ESG-Focused Divestment
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
Risk
Swedish Pension Fund Divesting from Nukes, Oil Sands Companies
ESG-oriented decision motivated by new law.
Newsmakers
CalPERS Engages Private Prison Companies
The review could lead to divestment of CoreCivic and The GEO Group.
Newsmakers
CalPERS Reviews Divestment of Companies with Ties to Sudan
Nokia, Nordea Bank lead list of 13 firms with potential ties to African nation.
Newsmakers
CalPERS Decision to Divest from Tobacco Is Costly
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
Newsmakers
CalSTRS Investment Committee Was Split on Private Prison Divestment
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.