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HomeNewsworthyNewsFlorida pulls $2 billion in Investments from BlackRock fund

Florida pulls $2 billion in Investments from BlackRock fund

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By Staff and wire report, Orlando Sentinel, 12-1-22

TALLAHASSEE — Florida will pull $2 billion from BlackRock, the largest asset-management firm in the world, over concerns expressed by Republican leaders that its investment policies will put social reforms over investment returns.

State Chief Financial Officer Jimmy Patronis announced Thursday the state will immediately freeze about $1.43 billion in long-term securities and about $600 million in short-term overnight investments managed by BlackRock because of the firm’s use of Environmental, Social, and Governance standards, known as ESG.

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https://www.dailymail.co.uk/news/article-11492253/78-woke-ESG-funds-Biden-wants-401ks-invest-UNDERPERFORMED-market-average.html

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