A group of Wall Street giants has decided to sit out one of the industry’s biggest coalitions: the Glasgow Financial Alliance for Net Zero.
GFANZ, whose members oversee $US130 trillion ($182 trillion), is finding it can’t attract some of the top names in money management. Among them, Pacific Investment Management Co, Fidelity Investments, Capital Group, T. Rowe Price Group, PGIM, Northern Trust Asset Management, and the fund management units of Goldman Sachs and Morgan Stanley.
