SignalEU/UK
The FT reports HSBC is reviewing its Palantir holding in a $9bn Islamic fund. Columbia Seligman's Q2 tech fund letter said not owning $PLTR cost it relative performance as the stock ran 384% over 52 w
HSBC reviewing Palantir holding in $9bn Islamic fund signals potential divestment catalyst.
Context
What happened: HSBC is reviewing its holding of Palantir in a $9bn Islamic fund, after UK workplace pension schemes raised concerns about the company's inclusion in a fund tracking the S&P Shariah index.
Key numbers: $9bn Islamic fund.
Why it matters: The review follows concerns from UK workplace pension schemes about holding a controversial company in a fund that tracks the S&P Shariah index.
What changed
HSBC is reviewing its holding of Palantir in a $9bn Islamic fund, after UK workplace pension schemes raised concerns about the company's inclusion in a fund tracking the S&P Shariah index.
Why it matters
The review follows concerns from UK workplace pension schemes about holding a controversial company in a fund that tracks the S&P Shariah index.