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Stock impact report

UAE's $30 Billion Energy-Transition Fund Struggles to Spend Cash [Yahoo! Finance]

Blackrock Health Sciences Trust (BME) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Trump Promises Could Have Seismic Impact on Washington Economy Paris to Replace Parking Spaces With Trees Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes New York's Transit Agency Approves $9 Congestion Toll The UAE unveiled plans last December to put $30 billion into the new fund, Alterra, with a goal of mobilizing $250 billion by the end of the decade. So far, Alterra has committed $6.5 billion to seven strategies managed by BlackRock Inc., Brookfield Asset Management Ltd. and TPG Inc. Actual funds spent, however, are significantly lower than that, according to its chief executive officer. Alterra is trying to create “solutions that are sustainable and scalable,” CEO Majid Al Suwaidi said in an interview in Azerbaijan. “That's the only way we're going to really grow these economies.” For now, though, there's a lack of investible deals in the energy transiti Show less Read more
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