Norway's $900 billion sovereign wealth fund, the world's biggest, excluded Duke Energy Corp. and some units from its investments because of a risk of "severe environmental damage." The executive board of Norges Bank, which oversees the fund, decided to exclude the largest U.S. utility owner by market value and its wholly-owned subsidiaries Duke Energy Carolinas LLC, Duke Energy Progress LLC, and Progress Energy Inc. after an April 5 recommendation from its Ethics Council, Norges Bank Investment Management said in a statement on Wednesday.
One of the world's largest investment funds is dumping its shares in Duke Energy Corp. because it sees too much risk in what it called the largest U.S. electric company's history of environmental damage, the fund's managers announced Wednesday.
Southern Methodist University hired Rakesh Dahiya from the University of Florida to oversee an investment portfolio of $1.5 billion. Dahiya, who oversaw hedge funds as well as equity and fixed-income strategies at the University of Florida Investment Management Corp. since 2011, will take over as Southern Methodist's chief investment officer and treasurer on Sept. 12, the Dallas-based school said Wednesday in a statement. He previously worked for Washington University in St. Louis.
Sam Masoudi<span style="line-height: 20.8px;"> is the chief investment officer at </span>Wyoming Retirement System<span style="line-height: 20.8px;">, which consists of eight defined benefit pension funds with a total of $7.3 billion in assets under management. Masoudi was recently named to Trusted Insight’s ranked list of the </span>Top 30 Pension Fund Chief Investment Officers<span style="line-height: 20.8px;">.</span>
Exclusive Q&A: Robert Maynard, Chief Investment Officer, Public Employees' Retirement System Of Idaho
<span style="line-height: 20.8px;">Robert Maynard is the chief investment officer for the Public Employees' Retirement System of Idaho. Mr. Maynard was recently named to Trusted Insight’s ranked list of the </span><a href="https://www.thetrustedinsight.com/rankings/top-30-pension-fund-chief-investment-officers/" style="line-height: 20.8px;" target="_blank">Top 30 Pension Fund Chief Investment Officers</a><span style="line-height: 20.8px;">.</span>
<p dir="ltr">Betty Tse is the chief investment officer at Alameda County Employees Retirement Association (ACERA) in California, overseeing the investment activities of the pension system’s $6.7 billion of assets under management.</p> <div> </div>
Jonathan Grabel is the chief investment officer at Public Employees Retirement Association of New Mexico managing a pension fund with $14.5 billion assets under management. Mr. Grabel was recently named to Trusted Insight’s ranked list of the Top 30 Pension Chief Investment Officers. He graciously spoke with Trusted Insight on January 22, 2016.
<span style="line-height: 20.8px;">When it comes to tackling the gender gap and engaging more women to consider a career in institutional investing, some of the institutional investors we spoke to cited areas where improvements could be made in getting women interested in finance and then enticing them to stay.</span>
The California State Teachers Retirement System (CalSTRS) is looking to increase its target allocation to real estate from 13% to 14%.
<p>Perfecting and maintaining a “good” culture is a careful balancing act that can reap significant returns when accomplished, or lead to disastrous consequences if left unkempt. We interviewed over 40 institutional investors, here are some of their Trusted Answers on how to build the ideal culture in an investment team.</p>