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Shareholders propose that Exxon Mobil return capital to offset climate change risk
trueA shareholder proposal filed Tuesday calls for Exxon Mobil Corp. to return capital to shareholders to protect investor value from potential risk of stranded fossil-fuel assets from climate change disruption.
Maine Public Employees earmarks $260 million to 3 funds
trueMaine Public Employees’ Retirement System made three new commitments totaling up to $260 million.
New Mexico Educational targets $115 million for 3 funds
trueNew Mexico Educational Retirement Board, Santa Fe, made $115 million in commitments to alternative investment funds.
Energy investors cautiously fill up
trueBillions of dollars are pouring into private equity energy funds as oil prices plummet, just one reason some industry insiders say investors should expect lower returns in parts of the oil and gas sector.
New Mexico State Investment Council commits to Blackstone energy fund
trueNew Mexico State Investment Council committed up to $75 million to Blackstone Energy Partners II, an energy fund managed by Blackstone Group.
Ares acquires energy infrastructure manager
trueAres Management is acquiring $4 billion energy infrastructure management firm Energy Investors Funds.
Arizona Public Safety puts up to $130 million with 2 managers
trueArizona Public Safety Personnel Retirement System committed up to $90 million, including up to $15 million in co-investments, to Crestline Direct Lending Master Fund, managed by Crestline Investors.
Texas Municipal taps Albourne as real-return, absolute-return consultant
trueTexas Municipal Retirement System hired Albourne America as its first real-return and absolute-return consultant.
Texas Tech endowment taps Tortoise Capital for MLP investment
trueTexas Tech University System endowment, Lubbock, hired Tortoise Capital Advisors.
Nashville & Davidson County earmarks $255 million
trueNashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund made new commitments totaling $255 million.
Houston Municipal Employees commits to Quantum Energy fund
trueHouston Municipal Employees Pension System committed $20 million to Quantum Energy Partners VI.
D.C. Retirement Board earmarks for private equity, energy, real estate
trueDistrict of Columbia Retirement Board, Washington, agreed to commit a total of up to $85 million to private equity, energy and real estate
Fort Worth Employees corrals Harvest Fund Advisors for MLPs
trueFort Worth (Texas) Employees’ Retirement Fund hired Harvest Fund Advisors to manage about $30 million in master limited partnerships.
Funds join with Mercer to study climate change effects on asset allocation
trueInstitutional investors with combined assets of $1.5 trillion have partnered with Mercer to study the asset allocation implications of climate change, said a statement Monday from Mercer.
Rockefeller fund saying no to fossil fuels
trueRockefeller Brothers Fund, New York, has begun divesting its fossil-fuel holdings, said a statement Monday from the foundation.