Report
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December, 2019
London CIV introduces infra fund
The London CIV, the Collective Investment Vehicle for London local authorities pension funds, has announced the launch of the LCIV Infrastructure Fund. The fund has been seeded by six of its London borough pension funds, with initial commitments of £399 million. The fund’s initial investment will be to a renewable energy fund – investments will be in ...
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December, 2019
Industry initiative formed to tackle modern day slavery
CCLA, in association with the Principles for Responsible Investment, has invited the investment industry to join a new coalition of investors, NGOs and academics to address the issue of modern day slavery. The initiative, entitled “Find It, Fix It, Prevent It”, will use the power of investors to encourage businesses to find, and then support ...
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December, 2019
Largest asset owners are critical to aiding climate change
Recent research by the Thinking Ahead Institute shows that the world’s largest asset owners have to direct capital in a sustainable way, making a significantly positive impact on issues including climate change. The Asset Owner 100 (AO100) – the world’s 100 biggest asset owners – account for $19 trillion, up 1.7% from last year, according to the ...
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December, 2019
New government must prioritise pensions, say PLSA
The Pensions and Lifetime Savings Association (PLSA) calls on prime minister Boris Johnson’s new government to urgently follow through on its manifesto pledges for pensions. But it must not stop there if it wants to ensure more people achieve a better income in retirement. Workplace pensions are a vital part of the UK economy, providing an essential ...
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December, 2019
PIC invests £250 million in City of London
Pension Insurance Corporation, a specialist insurer of defined benefit pension funds, has invested £250 million in debt issued by the City of London Corporation for an ambitious programme of major projects designed to benefit the Square Mile, London and the UK. The projects include the proposed relocation and development of three of the city’s historic ...
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December, 2019
Investment pools back renewable energy move
Cubico Sustainable Investments, a global investor in renewable energy, has announced the sale of a substantial minority stake in its UK operational wind and solar portfolio to GLIL Infrastructure, the £1.8 billion infrastructure fund backed by Northern LGPS and Local Pensions Partnership. The transaction sees GLIL acquire a 49% equity stake in the ...
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October, 2019
LGPS pool seeks expression of interest for sustainable equities offering
Brunel Pension Partnership is launching a call for expressions of interest for its sustainable equities offering. “This is an exciting opportunity to work with Brunel on an innovative, positive approach to pensions investment,” said Mark Mansley, Brunel’s chief investment officer. “The portfolio aims to generate excellent long-term financial returns ...
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October, 2019
Hedge fund business still sees outflows
Investors withdrew another $8.42 billion from the global hedge fund industry in July, according to the July 2019 eVestment Hedge Fund Asset Flows Report. But strong performance in the industry continues to boost overall industry assets under management (AUM), which stood at $3.3 trillion in July, according to the report. Hedge funds have generally been ...
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October, 2019
NEST hires manager duo for private markets
Nest Corporation has appointed two fund managers to invest in private credit, enabling its eight million members to benefit from the sophisticated investments found in private markets. Amundi and BlackRock have been selected for their innovation and cost-efficiency following a highly competitive open tender, in which nearly 40 organisations applied. Nest ...
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October, 2019
UK schemes prepare for Brexit
UK pension schemes have stepped up Brexit preparations significantly over the last 12 months, research by the Pensions and Lifetime Savings Association (PLSA) has revealed, with nine out of 10 (88%) trustee boards having discussed the impact of Brexit on their scheme. About two-thirds (63%) of schemes have formally assessed Brexit risks, while nine out of ...
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