Ron DeSantis’ proposed ban on ESG investments would be another blow for diverse fund managers

Florida Governor Ron DeSantis is taking aim at ESG investing as part of his ongoing war on things he considers “woke.” While the Florida executive is popular with his base, his work to discredit ESG investing could prove detrimental to the startup investing landscape, especially for diverse founders and fund managers.
In late July, DeSantis released a statement announcing a proposal to ban State Board of Administration (SBA) fund managers — the people who manage Florida’s $200 billion reserve from the Florida Retirement System — from taking environmental, social and governance (ESG

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