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Stock impact report

Money Managers Handed New Litmus Tests in Battle for Mandates [Yahoo! Finance]

State Street Corporation (STT) 
Last state street corporation earnings: 4/17 07:38 am Check Earnings Report
US:NYSE Investor Relations: investors.statestreet.com
Company Research Source: Yahoo! Finance
Most Read from Bloomberg ICE Eyes Massive California Tent Facility Amid Space Constraints How Britain's Most Bike-Friendly New Town Got Built The Dark Prophet of Car-Clogged Cities Washington, DC, Region Braces for ‘Devastating' Cuts from Congress Saving the Signature Sound of Washington, DC A number of pension funds in northern Europe are currently reviewing whether to pull their American mandates amid concerns that asset managers in the US have turned their backs on climate risk. In London, meanwhile, lawyers advising hedge funds say their clients are moving in the opposite direction, and dropping oil exclusions in order to hold on to mandates from state investors, like Texas. The “concern is that oil screens may cause redemptions by oil-state investors,” said Lucian Firth, a partner at London-based law firm Simmons & Simmons who advises hedge funds with as much as $20 billion of assets under management. And oil states “are big investors in hedge funds.” It's a spli Show less Read more
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