By Rachel Fixsen2021-05-24T15:41:00+01:00
The Danish pension fund P+ revealed it has put 11 of its portfolio stocks under close scrutiny regarding their business links to the military regime in Myanmar following the coup at the beginning of February, and may divest them.
The pension fund cited a report published by action group Justice for Myanmar in March, which identified several companies that could have “a problematic relationship” with the military regime in Myanmar or the regime’s state-owned companies.
That report had singled out PGGM and APG in particular for criticism, and both of the Dutch pension investors subsequently announced they had taken action to dissuade holdings from maintaining business links with Myanmar’s military.
May 21, 2021
Ahead of its planned opening next month and the $4.3 billion Resorts World Las Vegas has reportedly received a giant boost in having its parent operator and top management figures cleared by the Nevada Gaming Commission.
According to a Thursday report from the Las Vegas Review-Journal newspaper, the unanimous approval of casino giant Genting Malaysia Berhad as well as this firm’s Chairman, Kok Thay Lim, will allow the 3,506-room development to open to the public from June 24. The five-member watchdog also purportedly endorsed the coming Nevada venue’s President, Scott Sibella, in addition to the senior leadership team that will be in charge of day-to-day operations.
Here’s Why Vulcan Value Partners Sold its Hilton Worldwide (HLT) Stake
Vulcan Value Partners, an investment management firm, published its “Large Cap, Small Cap, Focus Composite, Focus Plus Composite, and All Cap Composite” first quarter 2021 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap Composite Fund delivered a 7.1% net return for the first quarter of 2021, 20.4% for the Small Cap, 5.5% for both the Focus Composite and Focus Plus Composite Fund, and 8.7% return was delivered by its All Cap Composite Fund for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.