AllianceBernstein Archives - The Minnesota Sun

Asset Managers Leveraged Red State Pension Funds to Back ‘Racial Equity,’ Climate Agenda, Report Finds

August 16, 2024 Daily Caller News Foundation

Several asset managers leveraged Idahoans pension funds to support a racial and climate agenda in 2022 and 2023, according to a report from conservative watchdog group American Accountability Foundation (AAF).

The Public Employee Retirement System of Idaho (PERSI) used six asset managers — Adelante Capital Management, AllianceBernstein, Brandes Investment Partners, Fiera Capital, Longview Partners and Mellon Capital Management — which handled more than $5 billion of the system’s stock portfolio, according to its investment report. These managers used Idahoans’ pension funds to support over 150 environmental, social and governance (ESG) shareholder resolutions on issues including race, gender, climate and politics, according to documents AAF obtained through a public records request and shared exclusively with the Daily Caller News Foundation.

Tennessee Taxpayers Gave $1 Billion in Corporate Welfare Last Year

August 14, 2018August 13, 2018 Chris Butler

You, the taxpayers of Tennessee, helped give away nearly $1 billion in tax credits to corporations who set up shop here last year. State law, as it turns out, forbids you from finding out exactly what kind of return you’re getting on your investment. In other words, even though the…

Tennessee Loses Money Spending $17,500 Per Job to Lure 1,000 AllianceBernstein Employees to Nashville from New York City

July 2, 2018July 1, 2018 Jason M. Reynolds

A $17.5 million tax incentive from the state of Tennessee to lure 1,000 jobs to Nashville–$17,500 per job—came at the expense of taxpayers to lure well-paid corporate executives when they already were drawn to the state’s other features like a favorable tax structure, experts say. The Tennessee Department of Economic…

Relocation of AllianceBernstein to Nashville is ‘Rebuke’ of Wall Street

May 13, 2018May 12, 2018 Jason M. Reynolds

AllianceBernstein Holding LP is moving its corporate headquarters and about 1,050 jobs to Nashville, in a move MSN/Bloomberg calls a “rebuke” of Wall Street. Some of AllianceBernstein’s functions like portfolio management will stay in New York, workers from legal, sales and marketing, and finance will begin moving to Music City…

Nashville Draws $70 Million Corporate Finance Headquarters

May 3, 2018May 2, 2018 Jason M. Reynolds

A global asset management firm will build a $70 million corporate headquarters in Nashville, the state announced in a press release Wednesday, May 2. Tennessee Gov. Bill Haslam, Department of Economic and Community Development Commissioner Bob Rolfe and AllianceBernstein L.P. (AB) officials made the announcement. The relocation of its company…