Sustainability Matters Adding sustainable funds will take some time, but could improve retirement readiness for many participants. The U.S. Department of Labor has just made it easier for American workers to invest in sustainable funds in their 401(k) plans. The new rule, finalized in November, makes clear that those who run 401(k) plans can consider environmental, social, and corporate governance…
Florida axes BlackRock, but what about their other external managers?
End of Week Notes They are UN-PRI signatories, too More absurdity coming out of Florida this week, as the state’s Chief Financial Officer Jimmy Patronis announced the state treasury will pull about $1.43 billion in long-term fixed-income securities and $600 million in overnight cash investments managed by BlackRock because of the firm’s commitment to sustainable investing. It’s all part of Republican…