Breaking the fourth wall: how politics is trumping investments

Governments in New Zealand have also made noises about KiwiSaver investments. (Image: Getty)

Wed, 19 Feb 2025

If there ever was a "Chinese wall" between government-linked investment funds and politicians, a coalition of 17 US states has just demolished that illusion. In a sledgehammer letter sent to some of the biggest US (and therefore global) fund managers, the group of top state legal officials – fronted by Montana attorney general Austin Knudsen – smash the investment giants for their treasonous exposure to China. BlackRock, State Street, Invesco, JPMorgan, Goldman Sachs and Morgan Stanley, but mostly BlackRock, cop...

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