Many thanks to John Keenan for alerting us to this story and pointing out that the Indiana Pension Vice Chair is Brett Swanson, formerly affiliated with the fossil fuel and other corporate CEO-funded fake front group The Main Street Investors Coalition (which had no connection to Main Street, Investors, or any Coalition).
Indiana’s state pension fund has contracted “anti-woke” asset manager Strive to advise on proxy voting and ESG, becoming the first publicly recorded client for the firm’s new advisory service. Tony Green, deputy executive director at Indiana Public Retirement System (INPRS), made the comment at a meeting of the house financial institutions committee in January on Bill 1008.
The bill would require Indiana’s public pension system to divest from investment firms or funds that use ESG investment criteria. It has been passed by the lower house of the Indiana General Assembly. Green said the $45.8 billion pension fund had updated its investment policy statement for managers in light of the growing prevalence/discussion around ESG.EXCLUSIVE: US state pension fund hires ‘anti-woke’ manager Strive to advise on proxy voting