Missouri Is The Latest State To Divest From BlackRock, Pulls $500 Million In Pension Funds

Missouri State Treasurer Scott Fitzpatrick announced on Tuesday that the state’s retirement system sold $500 million in public equities managed by BlackRock over the firm’s commitment to environmental, social, and governance investing, also known as ESG. The news comes after several conservative states divested more than $1 billion in funds from BlackRock, leading to concerns on Wall Street about the asset management company’s risk profile and inducing a mild stock market selloff. Fitzpatrick said in a statement provided to The