Category: Hedge funds

BMO Global Asset Management has pulled its Sustainable Universal MAP funds out of Microsoft citing concerns about the potential use of the company’s products for military purposes. Microsoft’s HoloLens augmented reality system can be altered for use in conflict, and BMO portfolio manager Simon Holmes told Investment Week that “despite the fact there are some good things about [Microsoft]…we felt that because its weapons exposure had increased, it was no longer suitable for a sustainable project”.

Canadian pension fund Caisse de dépôt et placement du Québec and asset manager Cascades have sold their shares in European recycled cardboard firm Reno de Medici for around €365m. The interest, around 67% in total, has been acquired by Apollo Funds’ subsidiary Rimini, which plans to buy the remaining stake in the company later this year, with the aim of delisting it. 

The renewables platform of Egyptian financial services giant EFG Hermes has rai…