Posted by Richard Willett - Memes and headline comments by David Icke Posted on 20 October 2022

Missouri Yanks $500 Million In Pension Funds From Cult-Owned BlackRock

Missouri State Treasurer Scott Fitzpatrick today announced that the Missouri State Employees’ Retirement System (MOSERS) has sold all public equities managed by BlackRock, Inc., pulling approximately $500 million in pension funds from the investment manager.

At the MOSERS Board of Trustees meeting in June, the board directed staff to require BlackRock to abstain from voting proxies on behalf of the plan, due to concerns with their public statements and record of prioritizing ESG initiatives over shareholder return. BlackRock refused the Board’s demand to abstain from voting the plan’s proxies. As a result, MOSERS proceeded with, and has now completed, the sale of all of its equity holdings with BlackRock. The funds are now primarily managed through contracts held by NISA, a St. Louis-based investment manager.

“This is the right thing to do for Missouri state employees who rely on the assets managed by MOSERS for their retirement. Fiduciary duty must remain the top priority for investment managers—a duty some of them have abdicated in favor of forcing a left wing social and political agenda that has failed to succeed legislatively, on publicly traded companies,” Treasurer Fitzpatrick said.  “MOSERS has an obligation to manage its assets in a way that prioritizes providing maximum possible returns for retirees and taxpayers. We should not allow asset managers such as BlackRock, who have demonstrated that they will prioritize advancing a woke political agenda above the financial interests of their customers, to continue speaking on behalf of the state of Missouri. It is past time that all investors recognize the massive fiduciary breach that is taking place before our eyes, and do something about it. As Treasurer and as a member of the MOSERS Board, I will continue fighting for Missourians to stop their tax dollars from being weaponized against them.”

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