In 2002, Mark O’Hare filed a public information request with the Massachusetts Pension Reserves Investment Management Board, requesting information about the performance of the private equity investments. The state pension fund initially opposed the British entrepreneur’s move, arguing that the data was a trade secret. But a state official sided with O’Hare, helping him overcome … Read more
Boeing and Airbus have reached an agreement to distribute Spirit AeroSystems. Boeing will pay $4.7 billion for the supplier. Including the assumed debt, this amount has increased to $8.3 billion. (zoonar.com, Zoonar GmbH) Boeing (BA) Boeing and Airbus (AIR.PA) have struck a deal to split Spirit AeroSystems (SPR), with the former paying $4.7bn (£3.7bn) for … Read more
Stay up to date with free updates Simply register for the ESG investing myFT Digest — straight to your inbox. BlackRock is backing a coalition of U.S. police and firefighter unions that is pushing to keep politics out of pensions, a recent effort to counter the backlash against environmental, social and governance (ESG) investments. The … Read more
Stay informed with free updates Simply log in to the Financial services myFT Digest – delivered straight to your inbox. Activist hedge fund manager Boaz Weinstein has suffered multiple setbacks in his bid to take control of a series of BlackRock closed-end funds, as shareholders rejected his director nominees and voted to retain the fund’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Anglo American has been pressured by major shareholders including BlackRock to expand talks with BHP over its proposed £38.6 billion mining mega-merger. Shareholders were key in convincing the FTSE 100 group to enter negotiations with … Read more