New York City Comptroller Brad Lander is urging three of the city’s pension funds to drop BlackRock because of what he’s calling “inadequate” climate plans. BlackRock is the city’s largest money manager overseeing more than $42 billion of index funds for the pensions. Bloomberg’s Olivia Raimonde discussed the story on “Bloomberg Markets” with Vonnie Quinn. (Source: Bloomberg)
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NYC's Lander Recommends Dropping $42B Blackrock Mandate
