Top news
BlackRock builds energy transition into capital market assumptions
‘Climate-aware’ assumptions reflect view that successful transition will be a source of growth and return
Bakkers and Zoetwaren join forces in new €8bn food fund
Despite the two funds planning a merger, the two separate sectors will retain some freedom to negotiate their own pension arrangements
Pressure on AP funds to turn green wrong-headed, say Swedish academics
Four professors criticise political drive for AP funds to invest in exclusively sustainable manner
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German liberal party’s proposal of a Swedish-style pension system faces criticism
FDP’s idea lacks risk analysis on global financial markets and currency crises in emerging markets
ATP sees ‘major impact’ coming from EU’s green financing work
Denmark’s biggest pension fund takes issue with measuring carbon footprints
Finland roundup: Varma cuts fossils; VER returns 4%; Elo 3.6%
Varma’s climate portfolio reaches 12.4% of €50.2bn total assets
AP1’s new CEO applauds team’s gutsy mindset
Swedish pensions buffer fund matches AP3’s return and narrowly beats AP4 in 2020 with 9.7% gain
Lothian pension fund CEO to leave for overseas role
AP7’s return falls to 4.4% in 2020, half the average on funds marketplace
PensionsEurope partners with broadcaster to boost awareness
Invest-NL joins PMT/PME’s private equity fund
NBIM says axed conferences meant fewer company meetings last year
Compenswiss tenders real estate mandates via IPE Quest
Most tax reforms can cause significant cost for employers, schemes, PLSA warns
Iceland’s Pension Fund of Commerce sees foreign weighting hit 43%
Italy roundup: Laborfonds tops 9.93% performance for dinamica fund
People moves: Danish teachers’ scheme creates new CFO role
NBIM says better company tax reporting standards are needed
Court grants extension as pension funds weigh challenge over RPI reform
ATP sees ‘major impact’ coming from EU’s green financing work
Denmark’s biggest pension fund takes issue with measuring carbon footprints
Finland roundup: Varma cuts fossils; VER returns 4%; Elo 3.6%
Varma’s climate portfolio reaches 12.4% of €50.2bn total assets
Exit interview: EIOPA’s Bernardino on industry defensiveness and where to take IORP II
The chair of EIOPA will be stepping down in March after 10 years in office
On the record: The path to recovery
Six major pension investors chart the risks and opportunities ahead as the world moves into a recovery phase
Strategically Speaking: Mondrian Investment Partners
Clive Gillmore is a rarity nowadays among asset management CEOs in that he is keen to discuss what he sees as the difficult moral choices embodied in ESG investment
How we run our money: Local Pensions Partnership
Chris Rule (pictured), CEO of the £19.7bn Local Pensions Partnership (LPP), speaks to Carlo Svaluto Moreolo about building an in-house investment management outfit
Viewpoint: Making the case for SDG-aligned investing
Mirtha Kastrapeli, founder and CEO of Beyond Alpha, makes a case for shifting to SDG-based systems investing
People moves: Danish teachers’ scheme creates new CFO role
Lærernes Pension, Kempen, Wellington, ESMA, PIMCO, Partners Capital, Capital Group, Aviva Investors, LGT Capital Partners, MaPS, LifeSight, Dalriada, Impact Cubed
People moves: Dutch fiduciary hires, Clarks pensions director to trustee firm
Ross Trustees, Kempen Capital Management, BMO GAM, BNPP AM, Hymans Robertson, Arabesque, Chronos Sustainability, Triple Point Investment Manager, First Sentier Investors, Aviva Investors, Groupama Asset Management
Qontigo Riskwatch - February 2021
* Data as of 31 December 2020.
Briefing: Tide turning for ESG fixed-income
The supply of ESG-aligned bonds is increasingly underpinned by regulatory pressures and client demand for products targeting non-financial objectives. As the investable universe grows, so the number of funds and assets will increasingly find their way towards fixed-income ESG solutions. However, to strike the right balance between financial and non-financial returns investors should look for ESG-authentic leaders with good risk-return capabilities
Briefing: The sum of all fears
Three years on from the onset of MiFID II, market participants, governments and regulators are assessing its outcomes and considering adjustments.
Viewpoint: PE must work towards measuring impact of sustainable investing
While EU regulation is a positive development, which will bring greater standardisation to ESG reporting, investors, organisations and regulators must aim to go further
Infra must adapt to meet pension goals
Looked at collectively, or even individually, the cashflow needs of Europe’s defined benefit (DB) and hybrid pension schemes are huge and potentially challenging given the scale of income generating assets needed to help service them.
The world is approaching an inflection point
Domestic challenges and US political developments have proved such a preoccupation recently that it has been all too easy to miss a key global shift. China’s rise to global prominence has accelerated markedly as a result of the past year’s events.
COVID-19 barely tested the financial system
The financial system seems to have coped well with COVID-19. This is despite the repeated recent warnings about a build-up of systemic risk. In turn this has been linked to the abundance of cheap debt and the growth of the asset management industry.
‘Close contact’ needed amid pandemic
Multiple lockdown restrictions have brought about a simpler way of working for some – remotely from home for most – but for institutional investors it also meant coming up with strategic models that could maintain the quality of asset managers’ due diligence – existing or potential.
Infra must adapt to meet pension goals
Looked at collectively, or even individually, the cashflow needs of Europe’s defined benefit (DB) and hybrid pension schemes are huge and potentially challenging given the scale of income generating assets needed to help service them.
The world is approaching an inflection point
Domestic challenges and US political developments have proved such a preoccupation recently that it has been all too easy to miss a key global shift. China’s rise to global prominence has accelerated markedly as a result of the past year’s events.
COVID-19 barely tested the financial system
The financial system seems to have coped well with COVID-19. This is despite the repeated recent warnings about a build-up of systemic risk. In turn this has been linked to the abundance of cheap debt and the growth of the asset management industry.
Hedge fund performance: 2020, year of the human touch
Diversification is back in favour for hedge funds and those with a downside protection mandate delivered during the crisis
Value equities: Dead or alive?
Today’s realities and intangibles have changed the face of value
Investment Grade Credit: Markets gauging the new administration
The US credit market is heading for change under new President Joe Biden’s administration
Global Equities: The COVID-19 effect
The pandemic has clearly shaken up the equity markets but which trends are likely to persist in the long term?
Private Markets - Private Equity: The impact of COVID-19
The pandemic has devastated some sectors while boosting others
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