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Investing Institutional Investors

  • NEW YORK, June 22- Institutional investors remain eager to put money to work on renewable energy projects even as U.S. "Five or six years ago, funds weren't specifically targeting renewable investment; today it's a key component of infrastructure investment," said David Giordano, managing director and head of North American, Latin American and Asia Pacific...

  • AMSTERDAM, June 22- Mylan NV shareholders voted against the generic drugmaker's executive pay policy but re-elected the board at its annual meeting on Thursday despite a shareholder campaign in the wake of a scandal over high prices for its EpiPen emergency allergy treatment. New York City Comptroller Scott Stringer, who oversees the city's pensions and is...

  • LONDON, June 21- Energy giants including Exxon Mobil and Royal Dutch Shell risk wasting more than a third of their budgets on projects that will not be needed if climate targets are to be met, a thinktank report shows. Shell and France's Total would see up to 40 percent of their budgets misspent. Sweden's largest national pension fund, AP7, one of the authors of the...

  • The full inclusion of domestic Chinese stocks in the widely tracked MSCI Emerging Markets Index could pull more than $400 billion of funds from asset managers, pension funds and insurers into mainland China's equity markets over the next decade, according to analysts. "The inclusion of some China A-shares into MSCI's emerging markets index is another sign of...

  • LONDON, June 21- Oil giants including Exxon Mobil and Royal Dutch Shell risk spending more than a third of their budgets by 2025 on oil and gas projects that will not be feasible if international climate targets are to be met, a thinktank says. Shell and France's Total would see up to 40 percent of their budgets outside the limits. Sweden's largest national pension...

  • June 19- The California Public Employees' Retirement System, or CalPERS, plans to scrutinize its private equity investments at next month's board meeting with an eye toward reviewing the governance and transparency of the asset class. Chief Investment Officer Ted Eliopoulos told the investment board on Monday that despite the high returns of its private...

  • *STORY-On sovereign investors and climate change:. LONDON, June 19- The Asset Owners Disclosure Project is an independent not-for-profit organisation which aims to alert asset owners to the risks posed change. Its AODP Global Climate 500 index, published at the end of April, rates the world's biggest asset owners- pension funds, insurers, sovereign wealth funds,...

  • NEW YORK, June 16- The overseer of a $4 billion U.S. government fund to compensate victims of Bernard Madoff's Ponzi scheme expects to start distributing money this year, following criticism of the lack of payouts in the nearly four years since the fund's creation. Their claims were deemed valid in early June by the Department of Justice, whose fund is overseen by...

  • OSLO, June 15- Sweden's largest national pension fund, AP7, has sold its investments in six companies that it says violate the Paris climate agreement, a decision environmentalists believe is the first of its kind. AP7, which provides pensions to 3.5 million Swedes, said on Thursday it had sold out of ExxonMobil, Gazprom, TransCanada Corp, Westar, Entergy and...

  • OSLO, June 15- Sweden's largest national pension fund, AP7, has sold its investments in six companies that it says violate the Paris climate agreement, a decision environmentalists believe is the first of its kind. AP7, which provides pensions to 3.5 million Swedes, said on Thursday it had sold out of ExxonMobil, Gazprom, TransCanada Corp, Westar, Entergy and...

  • OSLO, June 15- Sweden's largest national pension fund, AP7, has sold its investments in six companies it accuses of breaching the Paris climate agreement, in a decision environmentalists believe is the first of its kind. AP7, which provides pensions to 3.5 million Swedes, said on Thursday it had sold out of ExxonMobil, Gazprom, TransCanada Corp, Westar, Entergy and...

  • June 15- Quebec's public pension fund said it secured an investment of C $1.28 billion from Canada's federal government for the construction of the world's third-largest light rail system in Montreal. The construction of Réseau électrique métropolitain project has been finalized at C $6.04 billion, Caisse de dépôt et placement du Québec said on...

  • ISS's urged votes against 10 board members and executive pay packages, recommendations that come after a small group of high-profile investors, including the state and city of New York pension funds and the California teachers pension fund, urged other shareholders to vote against six board members and Chairman Robert Coury. Like the investors, ISS said...

  • BOLTON, Ontario, June 9- A visit to trucking firm Titanium Transportation helps explain why BlackBerry's stock is once again a darling in Canadian markets, having soared 70 percent in two months. Nestled in an industrial area some 50 kilometers north of Toronto, the trucker is an early adopter of a new BlackBerry fleet-tracking service known as Radar, which uses...

  • FRANKFURT, June 7- Bayer has cut its stake in plastics and chemicals subsidiary Covestro to 44.8 percent after selling an 8.5 percent stake to institutional investors as part of a plan to sever ownership ties completely in the medium term. Bayer, which is buying U.S. seeds giant Monsanto, has also issued 1 billion euros in bonds that it can pay back with up to 6.1...

  • FRANKFURT, June 7- Bayer has further cut its stake in plastics and chemicals subsidiary Covestro to 44.8 percent after selling an 8.5 percent stake to institutional investors as part of a plan to sever ownership ties completely in the medium term. Bayer, which is buying U.S. seeds giant Monsanto, has also issued 1 billion euros in bonds that it can pay back with up to...

  • NEW YORK, June 6- Jackson National, the largest U.S. provider of variable annuities, said in a filing on Tuesday it plans to remove Pimco's Total Return Bond investment strategy from Jackson National's product line-up and assign management of the $3.5 billion in that fund offering to Jeffrey Gundlach's DoubleLine Capital. The move would end Jackson National's...

  • *SBI selling new shares in 275.76 to 287.25 rupees range. MUMBAI/ SINGAPORE, June 5- Top Indian lender State Bank of India's share sale to institutional investors to raise as much as $2.33 billion was fully covered within hours of the launch on Monday, three sources with direct knowledge said. In a bid to shore up its capital base, the bank is selling new shares in a...

  • *Qatar suffers biggest fall since 2009. DUBAI, June 5- Qatar's stock market plunged on Monday after four Middle Eastern states severed ties with Doha, while Saudi Arabian shares rose on hopes that index compiler MSCI will move towards upgrading it to emerging market status. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed air, sea and land...

  • *Reiterates to remain long-term investor in Britain. OSLO, June 2- Norway's $960 billion sovereign wealth fund will ask the banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions, its chief executive told Reuters on Friday. The world's largest wealth fund, which is managed by Norges Bank Investment Management and...