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IMF Executive Board Concludes 2021 Article IV Consultation with Tuvalu

IMF Executive Board Concludes 2021 Article IV Consultation with Tuvalu
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Editorial: UNM should reject oil & gas divestment » Albuquerque Journal

.... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... Last fall, the state Educational Retirement Board bent to political pressure and voted to drop its meager investments in two private prison companies. That was in spite of warnings from its investment adviser of “sacrific(ing) return for other particular factors” and of the risks of cherry-picking stocks from market-determined index funds. Now, the University of New Mexico Faculty Senate wants UNM to divest itself of investments in companies involved in fossil fuel extraction and production. The UNM Foundation’s Consolidated Investment Fund portfolio includes several equity firms with direct ties to oil and gas, natural gas and coal production.

University Of New Mexico Faculty Demands Divestment From Fossil Fuels

University Of New Mexico Faculty Demands Divestment From Fossil Fuels
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UNM Faculty Senate seeks fossil fuel divestment

Earlier Tuvalu Trust Fund Hired Russell Investments

Earlier Tuvalu Trust Fund Hired Russell Investments Posted on 02/09/2021 On September 11, 2020, the Tuvalu Trust Fund hired Russell Investments hired as an investment advisor. Russell Investments was selected as the investment advisor for four Tuvalu investment funds, which are vital to the financial security of the island nation and its 11,000 residents. The funds have total assets of approximately A$ 260 million, the majority of which is held in the Tuvalu Trust Fund, the sovereign wealth fund of Tuvalu. The Consolidated Investment Fund, the Tuvalu Survival Fund and the Falekaupule Trust Fund are the other investment funds, all of which were created to provide additional financial stability for government of Tuvalu and to meet specific development goals. Tuvalu Trust Fund was formed in 1987.

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