Pensions
UC Investments Reaps Big Returns From Index Fund Shunning Fossil Fuels, Tobacco
Some $1.3 billion of the University of California’s $16 billion fiscal 2024 investment gain came from one S&P 500 index fund.
Investment from $152 billion manager comes one month after BREIT had a run on withdrawals.
Renewable sources like wind and solar may not be enough. Pension plan investors weigh the odds.