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March 2018
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Institutional Investor (March 1)

2018/ 03/ 04 by jd in Global News

New York City “is aiming for full divestment of coal, oil, and gas from its $189 billion retirement system–but could get sued in the process” if such a move is deemed contrary to fiduciary duty. If they successfully divest the roughly $5 billion in assets linked to fossil fuel, however, “New York’s pension funds would be the first major U.S. retirement system to rid itself of fossil fuels.”


Nordic Business Insider (November 17)

2017/ 11/ 19 by jd in Global News

“Norway’s $1 trillion pension fund wants to ditch all oil and gas stocks.” The irony of the proposed move is that the Government Pension Fund of Norway has become the world’s largest sovereign wealth fund by investing Norway’s oil and gas revenue. The move is not being proposed as a bet against petroleum, but rather to mitigate risk through diversification. “The fund’s exposure to fossil fuel markets is currently double that of a standard global fund.”


Investment Week (November 10)

2014/ 11/ 12 by jd in Global News

“Investors and fund buyers are increasingly backing Japanese equities as the country boosts its QE programme, and rotates its national pension fund towards domestic equities.”


Bloomberg (October 23)

2014/ 10/ 24 by jd in Global News

“It’s easy to see why Prime Minister Shinzo Abe wants Japan’s $1.2 trillion government pension fund to start buying more stocks…. But attempts to game the stock market have failed to revive Japan in the past and are doomed to failure again, unless Abe puts more effort into the harder work of real reform.”


Financial Times (May 23)

2012/ 05/ 26 by jd in Global News

Bonds are in. Stocks are out. “Institutional investors, from pension funds to mutual funds sold directly to the public, have slashed holdings in the past decade. Stocks have not been so far out of favour for half a century.” The penchant for bonds could reverse. Or “the end of a six-decade passion for equities could lead to a less flexible, more conservative model of corporate financing.”