€5.9bn Dutch green bond deemed ‘expensive’
APG, PGGM, SPOV and Cardano were allocated €411m collectively, from a total of €5.9bn raised by the first AAA-rated sovereign green bond
BP investors press company on climate change reporting, targets
Management-backed shareholder resolution gets more than 99% of votes, but Follow This hails backers of its separate resolution as the ‘heroes’
Investors remain unconvinced on financial benefits of diversity
Some major asset owners are concerned that focusing too much on workforce diversity could put them in breach of their fiduciary duty
Sustainability accounting standards investor group expands
NBIM, Brunel Pension Partnership and Canadian pension funds among 15 new members of advisory group
Church of England warns on volatility after 1.8% return for 2018
Allocations to private equity and strategic land post gains in excess of 20% as listed equity portfolio hammered by market volatility
Swiss voters approve €4bn recapitalisation of Geneva pension fund
A plan worth CHF4.4bn will take the Swiss canton’s public pension scheme to a funding level of 75%, but without a DB to DC shift
PGGM to increase impact investments through private equity funds
The asset manager has found that innovative companies are usually too small for direct investment to be suitable
ESG roundup: Another investor culls tobacco firms
Also: AP7 hails climate change actions by German firms RWE and BASF to address lobbying concerns
Climate change protesters disrupt pensions conference
Extinction Rebellion representatives press government minister to scale back LGPS’ investments in fossil fuels
Digital Edition
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On the Record: The volatility question
We asked two European pension funds how they view, and invest in, the hedge fund sector at a time when volatility is structurally low
How we run our money: Railpen
Andrea Ash (pictured), investment director at RPMI Railpen, tells Carlo Svaluto Moreolo about the UK pension fund’s private markets strategy
China: To be or not to be
Investors are divided on whether to classify Chinese equities as a distinct asset class
Becoming a mortgage lender
More pension funds are eyeing residential mortgages as an asset class
Economic outlook: Dancing with steamrollers
Clouds are gathering for the global economy
Connecting climate dots
The transition to a low-carbon economy should lead to significant economic opportunity
Cultivating judgement
One of the big challenges we face, both in the financial world and in everyday life, is how to overcome our biases
Private equity: An expanding universe
A significant growth in direct lending has helped boost the private equity market
Don’t panic (yet) about populism
When I called for investor engagement with Facebook and the social media giants, I did not expect to see a sovereign wealth fund leading such an initiative just three months later
Guest Viewpoint: Christin ter Braak-Forstinger
Impact investing has undergone a rapid evolution over the past decade. What originally started with investments in countries at the bottom of the pyramid has become a valid investment approach in developed countries as well.
Joseph Mariathasan: Satellites’ ‘PC moment’ has profound implications
Vastly reduced costs of launching and building satellites opens up range of new opportunities
Long-term matters: Lessons for Climate Action 100+
Fund management is a pretty opaque profession, and no aspect more so than the way investors hold the management of investee companies accountable
Guest Viewpoint: Manuel Adamini, Sean Flannery, Toby Heaps and Eloy Lindeijer
“Time to invite brown corporates to the green bond party”
