The investment industry is changing. Among other things, there is growing demand from both retail and institutional investors to align their capital with better environmental and social outcomes, and more resources going into index fund or quasi-indexing products.
Governor C.L. "Butch" Otter has appointed Mary E. Hughes and Jerry F. Aldape to the nine-member Idaho Endowment Fund Investment Board, with terms ending in 2020 and 2021, respectively. Both appointme...
Our oceans may have found an unlikely savior. Norwegian billionaire Kjell Inge Røkke, who accrued his wealth in part through offshore oil drilling, announced this month that he’s donating the majority of his wealth to help save the oceans. Røkke is funding a 600-foot research yacht, which will tackle some of the most pressing environmental concerns of our time -- including how to rescue endangered species and eliminate plastic trash from our big blue seas.
Norway wealth fund has dropped BHEL from its investment portfolio on environmental concerns arising from its coal-fired thermal power plant in the Sundarbans.
Rio Tinto Group’s aluminum boss sees prices for the lightweight metal heading for an “extremely” volatile period, with uncertainty over when China will curb production helping to keep investors on edge. “That’s really where the uncertainty is at the moment,” Alfredo Barrios said in an interview at Bloomberg’s Toronto office. “There’s no doubt that if you look at the supply side, if you look at the environmental issues, sooner or later that will change. But when is a question mark.” China has ordered curbs on steel and aluminum output in as many as 28 northern cities during the winter heating season...
College students decades ago protested endowment investments in South Africa during apartheid, and more recently, fossil fuels. Now there’s a new target: hedge funds. A group of Wright State University students is scheduled to gather Friday to call for trustees of the public school in Dayton, Ohio, to shed its hedge fund holdings, which totaled about 8 percent of the school foundation’s $80 million endowment as of Dec. 31.
'Saudi Arabia wants to balance economic needs against environmental goals as it has considerable solar power potential and is eager to reduce its use of fossil fuels'
Bridges Ventures has launched a $25 million real estate fund Bridges UrbanView. The fund will focus on real estate projects projects “that can deliver superior risk-adjusted financial returns alongside measurable social and environmental impact.” According to the firm, the fund has made its first undisclosed investment: an Atlanta-based mixed-income residential development.
Jupiter Asset Management fund manager Charlie Thomas says there is increasing "symmetry" between pensions and long-term environmental investing.<br /> <br /> Thomas said: "Pensions are about long-term investments and that is very much aligned with what we are trying to do with environmental investing in the sense that many of the issues we are looking to invest in - around water, waste and climate change for instance - are all about long-term issues and therefore we see there is symmetry between both pensions and long-term investing.