InvestmentEthics

BlackRock and Vanguard Push for Dismissal of Unprecedented Coal Lawsuit

16 days ago

In a bold legal maneuver, two of the world’s largest investment firms, BlackRock and Vanguard, are seeking the dismissal of a striking lawsuit filed against them over their investments in coal companies. The lawsuit, described as "far-fetched" by the asset management giants, challenges the firms on their environmental commitments amid increasing scrutiny regarding climate change implications associated with fossil fuels.

Australian Pension Fund Hit with $10.5 Million Fine for Greenwashing Practices

17 days ago

In a groundbreaking decision underscoring the increasing scrutiny on environmental claims, an Australian pension fund has been sanctioned with a hefty fine of $10.5 million for misleading investors regarding its commitment to sustainable and environmentally friendly investments. This verdict marks one of the largest penalties related to greenwashing in Australia, as authorities strive to uphold the integrity of environmental investment claims and ensure consumer confidence in sustainable finance.

Norway's $1.8 Trillion Wealth Fund Takes a Stand: Exits 49 Companies Over ESG Concerns

2 months ago

In a significant move reflecting its commitment to environmental, social, and governance (ESG) principles, Norway's towering $1.8 trillion sovereign wealth fund has decided to divest from 49 companies due to various ESG risks. This proactive step, destined to send ripples across global investment landscapes, underscores the growing trend among institutional investors to prioritize sustainability in their portfolios.

Louis Bacon and PJT Partners Resolve Legal Dispute in Caspersen Fraud Case

3 months ago

In a significant development in the financial world, billionaire investor Louis Bacon has reached a settlement with PJT Partners, a major financial advisory firm, regarding a dispute tied to the notorious fraud case involving former financier Benjamin Caspersen. This resolution comes amid ongoing scrutiny surrounding financial practices and client relations in the aftermath of the Caspersen scandal, which left many investors questioning the integrity of their advisors.

Allegations of Cherry-Picking Fraud Emerge at WAMCO Involving Ken Leech and IBM

4 months ago

In a significant development that has raised eyebrows in the financial sector, Ken Leech, the former Chief Investment Officer at WAMCO, is under scrutiny for allegedly engaging in cherry-picking practices that benefited technology giant IBM. The accusations suggest that Leech and others at WAMCO might have manipulated investment strategies to boost returns specifically tied to IBM stocks, raising concerns about the integrity of their trading practices.

Major Sentencing in Archegos Collapse: Key Insights from Hwang's Case

4 months ago

In a pivotal development following the collapse of Archegos Capital Management, founder Bill Hwang has been sentenced to 14 years in prison. This outcome marks a significant chapter in a saga that not only affected investors and major financial institutions but also shook the foundations of the financial market. Hwang's actions during his management of the family office ultimately led to one of the largest financial debacles in recent history.