Bloomberg: Jeff Tannenbaum made his fortune through investing; now he’s investing that fortune. He’s chairman emeritus at New York-based Fir Tree Capital Management LP, the hedge fund he founded in 1994, though he began handing over investment responsibilities in the early 2000s and had ceased day-to-day portfolio management by the middle of the decade...
IPE: CPPIB is selling €1bn in 10-year fixed-rate notes to enable it to invest further in eligible assets such as renewables, water and real estate projects, as well as diversify the fund’s investor base.
CPA: While there’s widespread perception that female leaders bring a wealth of soft skills to their workplaces, the perception may be an oversimplification of the truth. For Sophia Tsui, senior vice-president and chief auditor at HSBC Canada, relational skills aren’t solely the domain of female leaders.
Forbes: In a surprisingly transparent move on Wednesday, Citigroup revealed that female employees globally earn 29% less than their male counterparts, while U.S. minorities earn 7% less than non-minority employees.
Chief Investment Officer: New CalPERS Board member: “When ESG has nothing to do with maximizing returns and it is just for the sake of being socially conscious, it shouldn’t have a place in our retirement plan”.
Foresters Asset Management: For many years, investors have eschewed responsible investing, using the excuses that responsible investing is “too subjective” or “could hurt performance”. Both of these excuses are proving to be dated concepts.
Business Insider: The operator of The Weather Channel mobile app misled users who agreed to share their location information in exchange for personalized forecasts and alerts, and they instead unwittingly surrendered personal privacy when the company sold their data to third parties, City Attorney Michael Feuer said.
LA Times: When Google was revealed to have paid large severance packages to executives accused of sexual misconduct, outrage swelled, criticism piled on and employees stopped working and walked out of their offices.