This content is restricted to site members. If you are an existing user, please log in. New users may register below.
Florida Withdraws $2 Billion from BlackRock Over ESG Investing
(Florida Chief Financial Officer Jimmy Patronis) According to a press release, Florida Chief Financial Officer Jimmy Patronis announced that the Florida Treasury would begin divesting $2 billion worth of assets currently under management by BlackRock. The State Treasury will immediately have Florida’s custody bank freeze approximately $1.43 billion worth of long-term securities and remove BlackRock as the manager of about $600 million worth of short-term overnight investments. Asset managers invest these taxpayer funds as part of