ROUND-UP
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June, 2022
Legal & General invests £4 billion in West Midlands levelling up project
Andy Street, the mayor of West Midlands Combined Authority (WMCA) has signed a partnership agreement with Legal & General’s (L&G) CEO, Sir Nigel Wilson, that will deliver regeneration, housing and levelling up across the West Midlands. The agreement is L&G’s first with a combined authority, and will see the company invest £4 billion in a seven-year ...
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June, 2022
Robeco launches sustainable Asian bonds fund
Robeco has launched Sustainable Asian Bonds, an SDG-aligned bond strategy investing in diversified Asian fixed income. The fund targets long-term capital growth with exposure predominantly to companies that contribute to the United Nations Sustainable Development Goals. The Robeco Sustainable Asian Bonds strategy uses an active approach with flexibility ...
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June, 2022
Legal & General Capital seeds $4 billion life science and technology platform
Legal & General Capital (LGC) has announced a 50:50 partnership with US based real estate developer Ancora to create a real estate platform dedicated to driving life science, research and technology growth across the US. LGC will invest an initial $500 million of seed capital to form a new company, Ancora L&G, operating under the name Ancora, the ...
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June, 2022
Border to Coast to launch £1 billion EM equity alpha fund
Border to Coast Pensions Partnership will launch a £1 billion emerging markets equity alpha fund in the first half of 2023. The fund, which has already appointed two China specialist managers, will work with up to two emerging market equity managers to manage around £650 million in assets. The successful candidates must demonstrate EM equity ...
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June, 2022
LGPS Central launches £1 billion global sustainable equities fund
LGPS Central has launched a £1 billion global sustainable equities active fund with funding from four of its local authority partners. The LGPS Central Global Sustainable Equity fund is made up of three themed sub-funds that cover broad, thematic and targeted funds managed by Mirova, Liontrust and Baillie Gifford respectively. LGPS Central chief ...
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June, 2022
Environment Agency backs Lombard Odier’s sustainable private credit strategy
Lombard Odier Investment Managers (LOIM) has announced the first closing of its sustainable private credit strategy, with a commitment from the Environment Agency Pension Fund (EAPF). The strategy has an Article 9 classification under the Sustainable Finance Disclosure Regulations (SFDR). “The transition to a net zero global economy will be highly ...
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April, 2022
Wind down coal funds will miss 1.5°C objectives
A new report by Universal Owner Initiatives finds that recently established private funds designed to wind down coal assets will fail to meet any of their objectives. The report, Refinancing Coal, claims the funds will fail to meet a 1.5ºC scenario, will pay out excessive sums to coal owners and fail to support a just transition, despite claims made to ...
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April, 2022
Border to Coast launches £1.4 billion listed alternatives fund
Border to Coast Pensions Partnership (Border to Coast) has launched a £1.4 billion Listed Alternatives Fund offering cost-effective access to attractive risk-adjusted returns and inflation protection over the long term. The fund offers exposure to a diversified portfolio of investments in sectors such as renewable energy, digital infrastructure, ...
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April, 2022
M&G invests in permanent carbon storage business
M&G has invested CHF600 million (circa £500 million) in Climeworks, a global business operating in direct air capture, to accelerate the company’s growth and help scale the market for carbon removal. Climeworks’ direct air capture plants capture carbon dioxide from the air, which is either stored in the ground safely and permanently, or upcycled ...
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April, 2022
Schroders launches engagement “blueprint”
Schroders has published a new set of guidelines on active ownership and targets on engagement for equity and bond fund managers and analysts. This “engagement blueprint” is designed to further integrate sustainability into the company’s processes and focus on active ownership across client portfolios. The blueprint sets six core themes: Climate ...
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