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August, 2020
LGPS Central issues multi-asset credit mandate
LGPS Central has launched a search for active, global, multi-asset credit debt managers to manage their £660 million Global Active Multi-Asset Credit Fund. The fund will target a net return of between 3-5% above its benchmark, the three-month sterling overnight index average rate. Investments will be predominantly in global fixed and floating rate ...
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August, 2020
Macquarie infra debt fund raises £2.7 billion
UK corporate pension schemes, local authority pension schemes and insurance companies have ploughed £2.7 billion into Macquarie Infrastructure Debt Investment Solutions (MIDIS), in the latest round of fundraising for its UK infrastructure debt strategy. MIDIS raised more than £220 million via its second UK-focused pooled fund targeting investments in ...
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August, 2020
London CIV launches real assets fund
The London Collective Investment Vehicle has launched a real assets fund aiming to deliver inflation-linked returns, with seed money from the boroughs of Redbridge and Bexley. The fund seeks to deliver stable income by primarily investing in real estate, including investment in long-lease and ground rents. It will also have the flexibility to invest ...
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August, 2020
Impact investing is gaining fresh momentum
Emma Powell, LAPF Investments. Emma Powell discusses with senior professionals the growing popularity of impact investment and its relationship with ESG The outbreak of Covid-19 has intensified the spotlight on impact investment, as investors allocate capital towards dealing with the social and economic devastation caused by the pandemic. Companies ...
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August, 2020
Accessing energy transition opportunities in private markets
Carolyn Tsalos, Director, UK Institutional, Russell Investments. Carolyn Tsalos of Russell Investments looks at the risks to investment portfolios presented by climate change and suggests how to mitigate them The threat of continued climate change presents very real financial risks to investment portfolios, in regard to both existing assets as well as ...
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August, 2020
LGPS cuts deficit
The Local Government Pension Scheme (LGPS) increased its funding level to 98% in 2019, up from 85% three years earlier. The LGPS deficit stood at just £6 billion last year, compared with £37 billion in 2016, after generating a net investment return of 6.6%. That was higher than the 4.4% return recorded a year earlier. During the year, there was an ...
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August, 2020
Lothian commits to responsible investment principles
Lothian Pension Fund has adopted a new statement of responsible investment principles, including targets to assess the carbon intensity of all assets by the end-2022 reporting cycle. The £8 billion local government pension scheme signed up to the six Principles for Responsible Investment (PRI), an organisation which supports and enables asset owners and ...
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August, 2020
Falling inflation could cost schemes £5 billion
A prospective fall in inflation below zero could place an additional £5 billion in funding pressure on schemes, according to analysis by consultancy LCP. The firm has modelled the likely level of inflation over the coming months based on three economic scenarios – whether the economy is “stuck in the doldrums”, “steady as she goes” or enjoying ...
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August, 2020
Natixis unveils ESG fund of funds
Natixis Investment Managers has launched a new range of ESG fund of funds. The Lux UCITS range consists of the Natixis ESG Conservative, Moderate and Dynamic funds, each offering diversified, multi-asset exposure to meet the varying risk requirements of investors. As each affiliate has its own independent investment process with a customised ESG ...
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August, 2020
Brunel hits carbon reduction goals
Brunel Pensions Partnership has achieved its target to reduce the carbon intensity of its active portfolios by an annual 7% against their respective benchmarks. In its first responsible investment and stewardship outcome report, the local authority pool revealed that it had achieved its carbon reduction goal after developing a “five-point plan to build a ...
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