A new restrictive anti-ESG law going into effect July 1 in Florida requires investment managers to certify to the state each year that they are making investments based only on financial factors, or they could face sanctions.
In an S&P Global article, Josh Lichtenstein, a partner in the employment, executive compensation and employee benefits group and head of the firm’s ERISA fiduciary practice, explains that divergent and changing policies have become a growing challenge for financial firms that must fundraise across Democratic and Republican-led states. He notes that asset managers today spend much of their time and energy just trying to adapt their pitches in a culturally divided market.
Attorneys
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.