Warren Buffett should be a happy camper. While his beloved Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) shares delivered an anemic performance in 2020, the stock is up 23% year to date. There are quite a few stocks that are easily outgaining Berkshire and aren't among the conglomerate's holdings. Read More...
Reuters
How sustainable are sovereign wealth funds?
Risks don’t come much longer term than climate change, so you might expect sovereign wealth funds to be all over it, as investment giants with decades in their sights. Yet the world’s biggest SWFs are making only patchy progress in adapting investment plans to account for environmental, social and governance factors, according to data on energy investments, an ESG analysis of the equity holdings of some of the funds, plus a survey of the players. The industry has invested $7.2 billion in renewable energy since 2015, for example, less than a third of the amount poured into oil and gas, data from the International Forum of Sovereign Wealth Funds (IFSWF) showed.
