In the mid-1990s, regional mutual funds increased across the United States. Today, global areas come to mind when considering a “regional” fund. However, thirty years ago, a “regional” fund might also have referred to so-called “cheerleader” funds that advocated a state in whole or part.
FORT WORTH, TEXAS – American Airlines is facing a class action lawsuit for allegedly mismanaging its pilot’s 401(k) funds by prioritizing Environmental, Social, and Governance (ESG) goals over financial returns. The lawsuit claims that the airline violated its fiduciary duties by investing employees’ retirement savings in funds that focus on political agendas through ESG initiatives. Lt. Col. Bryan Spence, the lead plaintiff in the case, argues that he has incurred financial losses due to investing …