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ABP to Dump Tobacco and Nuke Investments

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After a debate and conversation with its stakeholders and board, ABP will exclude tobacco companies and nuclear weapons manufacturers from its investments. ABP plans to sell about €3.3 billion ($4 billion) in holdings due to this policy change. ABP will sell these assets within a 1-year time span. ABP’s capital is managed by APG, which will carry out the order.

“Investments in tobacco and nuclear weapons have been a dilemma for us for quite some time,” said Erik van Houwelingen, chairman of the ABP executive committee for investment policy, in the announcement. “Changes in society, also at an international level, were a reason for ABP to put the topic on the agenda again. We felt a need for a broader discussion.”

Follow the Money – Episode 45

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This longer-than-normal episode covers a wide range of issues including such as sovereign wealth funds, bitcoin, cryptocurrencies, Indian real estate, ESG, investment exclusions, central banking and more.

EPISODE 45

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The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

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CalPERS Board Elects Priya Mathur as Board President

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The board of the California Public Employees’ Retirement System (CalPERS) elected Priya Mathur as board president. The current president Rob Feckner was named vice president of the board. Feckner previously served as board president and vice president.

Priya Mathur is serving her fourth term on the CalPERS Board of Administration. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). Mathur represents public employees on the CalPERS Board, which she joined in 2002. She currently serves on four committees: Governance, Investment, Pension & Health Benefits, and Risk & Audit. She chairs the Pension & Health Benefits Committee and is vice chair of the Governance Committee.

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Oman SGRF Contemplates $1 Billion Infrastructure Fund

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Oman’s State General Reserve Fund (SGRF) is in discussions on forming a US$ 1 billion infrastructure fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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