.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Bloomberg: Bridgewater Associates and former co-Chief Executive Officer Eileen Murray are still negotiating an exit package three months after she left the world’s biggest hedge fund -- a fight that has dragged on because Bridgewater’s offer is both less than what has been paid to men who left the firm and below the status of her position.
Financial Times: One of the US investment industry’s top regulators has called for asset managers to provide clearer explanations of how environmental, social and governance metrics could affect the performance of ESG-labelled funds. [Full article available to Financial Times subscribers.]
Bloomberg: For Black professionals who get job offers on Wall Street, there’s pay and benefits to consider. But also isolation, bias and racism.
Financial Times: Asset managers are gearing up for a battle with the Trump administration over a new proposal that threatens investors’ ability to incorporate environmental, social and governance principles into pension portfolios. [Full article available to Financial Times subscribers.]
Reuters: Companies voicing support for racial equality should back up their talk by releasing their workforce diversity data, New York City Comptroller Scott Stringer says in letters being sent to 67 companies in the S&P 100 on Wednesday.
Bloomberg: MetLife Inc., the largest U.S. life insurer by market capitalization, sold green bonds for the first time ever as it issued $750 million of debt, adding to a surge in issuance of the securities from the financial sector.
Pensions & Investments: ERISA plan fiduciaries cannot invest in ESG vehicles that sacrifice investment returns or take on additional risk, a proposed rule says.
Financial Times: Financial analysts from minority racial groups enjoy less access to corporate management than their white peers, according to a new study that analyses transcripts from tens of thousands of company conference calls. [Full article available to Financial Times subscribers]
Financial Times: Liberal-leaning investors and environmentalists have scored a record number of wins at US companies’ annual general meetings this year on issues ranging from sexual harassment policies to climate change. [Full article available to Financial Times subscribers]
Financial Times: The US asset management industry’s top regulator has warned about the risks of relying on simple ratings when considering environmental, social or governance issues as part of an investment decision. [Full article available to Financial Times subscribers]
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