In case anyone thought otherwise, exchanges for derivative instruments do have a big role to play in facilitating sustainability, according to a joint report recently released by the World Federation of Exchanges (WFE) and the United Nations Sustainable Stock Exchanges Initiative (SSE). The joint report, “How Derivatives Exchanges can Promote Sustainable Development — An Action… Read More >>
BNY Mellon Helps Crypto Custody Startup Raise $133M
Fireblocks Raises a Total of $179 Million Crypto infrastructure provider Fireblocks has raised $133 million in Series C funding with help from the Bank of New York Mellon and SVB Capital, the investment platform of SVB Financial Group, via an effort led by Coatue, Ribbit Capital, and Stripes Group, officials say. With this round of… Read More >>
SEC to Patrol for ESG & Climate Change Sins
Climate change, a.k.a. global warming, and environmental, social, and governance (ESG) concerns are getting real for financial services firms, particularly those working in securities trading. This is also true for the regulators overseeing them such as the SEC. A case in point is our story this week about a $247 billion pension fund, the New… Read More >>
BlackRock’s Aladdin Takes On Climate Risk
BlackRock Launches Climate Risk Add-On for Aladdin Asset management giant BlackRock is targeting financial institutions and investors that want to quantify climate risk via their portfolios. To help firms take on climate risk, BlackRock has launched the Aladdin Climate software application that analyzes climate risk and opportunities “at the security level,” and tracks policy changes,… Read More >>
Nasdaq & Caspian Take On Automated AML Investigations
Nasdaq Sytem Targets Gap in AML Inquiries Nasdaq just launched a “cloud-deployed” anti-money laundering (AML) system, the Nasdaq Automated Investigator for AML, that is intended to help financial services firms use IT to detect evidence of money laundering. The new system has been designed in partnership with Caspian, a company based in Newcastle upon Tyne,… Read More >>
Mobius Embraces Bloomberg for ESG Investment Support
Mobius Capital Partners, an asset manager for emerging and frontier markets, has deployed Bloomberg’s buy-side solutions to help the firm bolster the environmental, social and governance (ESG) concerns of its clients. The ESG criteria represent “a set of standards for a company’s operations that socially conscious investors use to screen potential investments,” according to a… Read More >>
CalSTRS Put Its ESG Money Where Its Mouth Is
Controversial environmental, social and governance (ESG) concerns that are being used to screen investments are gaining ground with the buy side. In one very important example, the California State Teachers’ Retirement System (CalSTRS), the pension fund for public school educators of California, is literally putting its ESG money where its mouth is. Pension officials have… Read More >>
CalSTRS to Hire Firms Leading the ESG Charge
A major pension fund, the California State Teachers’ Retirement System (CalSTRS), which oversees a portfolio of $193.2 billion, is giving its very public blessings to investment strategies that embrace environmental, social and governance (ESG) goals with the news that it wants to hire six public equity investment management firms with “ESG expertise.” Candidates will have… Read More >>
