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Email A large institutional investment manager has lost over $1 billion of assets under management in Republican-controlled states unhappy with the company’s consideration of ESG issues in investment decisions and perceived activism in the space. South Carolina state treasurer, Curtis Loftis, stated his intention to withdraw $200 million from BlackRock by the end of the year. https://www.cadwalader.com/resources/articles/investing-state-treasurers-remove-1-billion-from-investment-manager-over-esg-concerns