The US state of New Jersey is withdrawing $1bn (€830m) in pension assets it called "blood money" invested in companies conducting business in Sudan.

The boycott, signed by Richard Codey, state governor, is the first active withdrawal of assets in the US related to Sudan. The money will be taken away this week.

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Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

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Sudan loses $1bn ‘blood money'

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