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Yahoo Finance: The world’s best-performing ESG fund of 2023 was built by Ark Investment Management LLC and powered by a huge bet on crypto. The $2.4 billion Nikko AM Ark Positive Change Innovation Fund (ticker NIPCIPJ LX) returned 68% last year, more than double the gains delivered by the S&P 500.
Funds Europe: Political hostility to US ESG investing has dampened enthusiasm among American asset managers, while European counterparts maintain support for ESG-related shareholder proposals, according to Morningstar.
Yahoo Finance: Texas bars its public pensions from investing in 350 funds run by asset-management giants such as BlackRock Inc. and Invesco Ltd. because a key Republican state official says they “boycott” the oil and gas industries.
CBC: Canada's big five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group.
The Guardian: Chief among the campaigners celebrating the resignation of Claudine Gay as president of Harvard University was a man who arguably did the most to push Gay, Harvard’s first Black president, out the door: Bill Ackman, a billionaire hedge-fund manager and Harvard alumnus.
GreenBiz: In 2023, 21 out of 319 climate tech funding rounds in the U.S. went to female-founded companies, according to data from Pitchbook. That’s 6.6 percent of deals.
BNN Bloomberg: Tennessee sued BlackRock Inc. for allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.
Yahoo Finance: The asset manager 7RCC filed an application with the Securities and Exchange Commission for a new kind of Bitcoin ETF that would provide investors exposure to the popular cryptocurrency alongside carbon credits.
BNN Bloomberg: House Judiciary Chairman Jim Jordan has subpoenaed BlackRock Inc. and State Street Corp. for documents related to the committee’s inquiry into whether their efforts to combat climate change violate US antitrust law, according to a person familiar with the matter.
US News: The U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks in recent months, laying the groundwork for heightened scrutiny of Wall Street's accounting for such threats, people familiar with the matter said.
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