MOSERS Dumps BlackRock Over Concerns of Prioritizing ESG Initiatives over Shareholder Returns

Posted on 10/19/2022

Jefferson City-based Missouri State Employees’ Retirement System (MOSERS) sold off all public equities managed by BlackRock Inc. This resulted in a withdrawal of around US$ 500 million in pension fund assets managed by BlackRock. In a June 2022 meeting of the MOSERS’ board of trustees, the board ordered staff to require BlackRock to “abstain from…

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