University of California to dump fossil fuel investments

The University of California is dumping fossil fuel investments from its nearly $84 billion pension and endowment funds because they are a financial risk, its top financial officers announced Tuesday.

New study finds that race is a factor in investment judgments

According to new research released today in the Proceedings of the National Academy of Sciences, race influences the investment judgments of asset allocators. Experts believe this may contribute to the stark racial disparities ...

Lower pension, shorter life

Income and social status have an increasing effect on life expectancy in Germany. On average, men with very low retirement pay die five years earlier than those who are much better off. Poverty shortens life. According to ...

S. Korea's ex-health minister guilty of swaying Samsung vote

South Korea's former health minister was convicted on Thursday of pressuring the country's pension fund to support a controversial Samsung merger, in one of the first rulings on key players in the corruption scandals that ...

Divest from fossil fuels, plead faith leaders

Faith group leaders, supported by Nobel Peace Prize laureates Desmond Tutu and the Dalai Lama, called Thursday on sovereign wealth and pension funds to pull out from fossil fuel investments.

Many underestimate financial loss due to poor arithmetic

Anyone who has lost out on an investment in recent weeks - from pension funds and stocks to the housing rental market and currency exchange - may have lost more than they realise, according to new research from the University ...

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