ROUND-UP
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October, 2022
ACCESS seeks real estate talent
The ACCESS Pool, which manages £35 billion of assets on behalf of its 11 participating pension funds, has invited tenders for a UK core direct real estate investment manager and a global real estate (fund of funds) allocator. The UK core mandate is anticipated to be between £0.75 billion and £1.25 billion, with the global mandate ...
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October, 2022
Bexley appoints Redington to pursue sustainability ambitions
The £1 billion London Borough of Bexley Pension Fund has appointed Redington as its investment consultant. The fund is keen to develop its approach to responsible investment and stewardship, alongside evolving strategic asset allocation. Supporting the investment committee to further the investment objectives in both areas will be a key priority ...
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October, 2022
Fidelity launches biodiversity fund
Fidelity International has launched a sustainable biodiversity fund, to offer investors access to a global equity portfolio of companies contributing to the preservation of biodiversities. The future of humanity is inextricably linked to the preservation of biodiversity, yet the World Economic Forum says the top three most severe risks on a global scale ...
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October, 2022
London CIV improves standing as sustainable long term investor
London CIV (LCIV) has been listed as a “world-leading responsible, sustainable long-term investor” by the Responsible Asset Allocator Initiative (RAAI). LCIV was ranked 26th of 251 asset allocators this year, with a score of 96. In 2019, LCIV was in 53rd place of 197 investors, with a score of 80. Analysis of $26 trillion of assets generates the ...
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October, 2022
The rich got richer in 2021, as global wealth grew by almost 10%
Wealth grew strongly in 2021, with continued growth across all regions led by North America and China and by year-end, global wealth at prevailing exchange rates totaled US$463.6 trillion, a gain of 9.8%, according to research by Credit Suisse Research Institute (CSRI). CSRI’s 13th Global Wealth Report showed that wealth had risen by 8.4% per ...
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October, 2022
Time for funds committed to sustainability to engage with EU rules
Europe’s biggest pension funds are failing to engage actively with emerging EU level sustainable finance policy, providing those reluctant to transform their investments and business models with greater influence, according to new research by climate think tank InfluenceMap. The report identifies Norway’s Norges Bank Investment Management, the Dutch ...
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August, 2022
$7 trillion investor coalition pushes for action and disclosure on mental health
The CEOs of 100 of the UK’s largest listed companies have been targeted by a campaign by coalition of 29 asset owners, institutional investors and stewardship service providers representing $7 trillion in assets. The coalition, led by leading responsible investment manager, CCLA, and made up of the founding signatories to the CCLA-led Global Investor ...
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August, 2022
Border to Coast makes key appointments in real estate and UK equity
Border to Coast Pensions Partnership has selected Northern Trust as its third-party administrator (TPA) and depositary (depo) to support its future real estate investment management capabilities. Northern Trust will deliver fund accounting, custody services and investment operations support for the real estate capability, alongside depositary ...
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August, 2022
Brunel delivers portfolio focusing on affordable housing and renewables
Cornwall Pension Fund has launched its new Cornwall Local Impact portfolio to channel LGPS investment into affordable private rental housing and renewables within the county. Cornwall Pension Fund commissioned Brunel to design, implement and monitor a portfolio that follows local impact investment across both social and environmental priorities. “We ...
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August, 2022
WPP appoints Russell Investments for private credit solution
The Wales Pension Partnership (WPP), the pool for the eight Wales LGPS funds, has appointed Russell Investments to develop a private credit investment programme following a competitive tender process, run by bfinance and host authority, Carmarthenshire County Council. Russell Investments was first appointed as investment management solutions provider to ...
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