Benjamin Netanyahu has urged multi-billion dollar US state pension funds to pull their assets out of companies doing business with Iran
Benjamin Netanyahu, Israel's right wing opposition leader, has urged multi-billion dollar US state pension funds to pull their assets out of companies doing business with Iran to put pressure on Tehran to abandon its alleged nuclear weapons program, according to reports from Jerusalem. "If anyone says we have to act against Iran, here's a perfect way to do it," Netanyahu told foreign diplomats and journalists. "Activity to bring non-military pressure on the Iranian regime is very potent." The Likud leader, a former prime minister who aspires to regaining the post he relinquished in 1999, said he had already had talks with US politicians, including California Governor Arnold Schwarzenegger, calling for a policy of disinvestment. California's public employees' retirement system has US$228 billion invested.
Not so long ago the average industry fund employed one chief executive and, perhaps if they were lucky, someone to lend a hand with making the tea.... read more »
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Unisuper appoints TAAM »
Industry fund Unisuper has appointed boutique asset manager Treasury Asia Asset Management to a $151.1 million mandate.
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Industry superannuation fund the Local Government Superannuation Scheme has bought a Sydney office building for $41 million.
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