Further Outsourcing of $86 Billion UN Pension Fund Is Paused, and Questions Arise About Russian Investments
United Nations Secretary-General António Guterres has paused his plan to further outsource the management of the $86 billion UN pension fund’s assets to Wall Street. The plan to allow an additional 18 percent of the fund’s assets to investment companies would have doubled the amount already being privatized.
Questions also have arisen about the fund’s investments in Russia, given its most recent invasion of Ukraine....
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