BlackRock, the worlds largest asset manager, called on the US government to embark on a sweeping privatisation programme to harness capital to meet Americas vast infrastructure investment requirements.
Larry Fink, chief executive of BlackRock, said new federally subsidised bonds would help repair crumbling US roads and bridges, but more private capital was desperately needed to build cities for the 21st century.
Hermes, the UK fund manager, criticised Rio Tinto, the mining company, over its lack of progress on board diversity ahead of its annual general meeting last week.
Hermes said it intended to oppose the re-election of Jan du Plessis, Rios chairman, who chairs the nominations committee, since only two of the companys 14 bo…
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