New Zealand's sovereign wealth fund is backing the Christchurch Call, launched in Paris to pressure global political and business leaders to eliminate violent extremist content online.
International pension funds are among those pledging to support the campaign aimed at pressuring social media platforms.
In what could be an important test-case for ESG generally, the cry has gone up in the wake of the Christchurch terror attacks for collective investor engagement of social media companies.
Institutions in Asia use Facebook, YouTube, LinkedIn and Twitter more than peers worldwide, impacting their investment decisions, finds Greenwich. Asset managers are urged to sort out a social media strategy.
Liquidnet founder Seth Merrin says exchanges are upgrading systems to cater to high-frequency traders amid slow markets, raising the risk of glitches and potentially alienating some players.
The recent deal between Commonwealth Bank of Australia and Facebook to deliver an online banking service may signal a changing ethos when it comes to financial technology.