Asset Managers – Page 25
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NewsABP sold Credit Suisse after fruitless engagement
Several large Dutch pension funds have sold their shares in the troubled bank in the last few years
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NewsSwedish funds lobby insists FTN make big changes to tender plan
‘Still a lot of work to be done to adjust these to the new procurement regulations,’ says Fredrik Nordström
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NewsSwiss schemes limit losses from Credit Suisse downfall through diversification, risk monitoring
Publica has refused to approve the decisions of Credit Suisse’s board of directors at every AGM since 2016
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NewsAGM season: ESG ‘wins’ in shareholder requests
‘Complex environmental and social challenges are not going away just because they prompt controversy,’ says Heidi Welsh of the Sustainable Investments Institute
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NewsUBS/Credit Suisse: Swiss pension funds face cumulative counterparty risk but low losses
The country’s largest pension fund, Publica, started to reduce its exposure to Credit Suisse at the beginning of 2022
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NewsCredit Suisse, UBS pension funds to remain separate entities for now
Swiss Association of Bank Employees is demanding support particularly for older employees (over 55) in case of layoffs through early retirement
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NewsAsset managers’ responsible investment practices in need of development, PRI says
Report suggests detailed responsible investment policies should be publicly disclosed
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NewsMost asset managers have withheld or ditched investments as part of ESG engagement, says study
ShareAction urged assets managers to develop and publish their escalation strategies for dealing with uncooperative companies
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NewsDWS settles greenwashing case for ESG Climate Tech fund
Commerz Real taken to court as it fails to provide sufficient info about klimaVest
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NewsSpanish insurer MAPFRE adds SRI approach to all asset managers’ strategies
“The idea is to grow distribution capacity in France and to increase our SRI capabilities,” says MAPFRE’s chief economist for investments
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Book ReviewBooks: Financial crises and the failure of risk measures
This is a great book for anybody who would like to understand the causes and dynamics of financial crises. The author delivers deep insights into systemic financial risks for our economies, and why risk management tools and regulations fail when it matters most. The text is written in conversational style, full of anecdotes, wisdoms and polemics, which makes reading a pleasure even for the non-expert. To be recommended not only for risk managers but also for investment directors and trustees.
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NewsThreefold rise in asset managers holding board responsible for ESG
Alongside NNIP and PGGM, the investors that took the biggest tumble down the rankings since 2020’s survey were State Street Global Advisors, PIMCO and Allianz Global Investors
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NewsInvestors should pay more attention to people, says Federated Hermes
EOS will next year expand its requirement for FTSE100 companies to have at least one director from a minority ethnic group to the FTSE350
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NewsNordic roundup: AP2 custodian, Swedish funds agency, OPF 0.3% loss
Sweden’s premium pension funds agency consults on procurement documentation
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NewsBNP Paribas AM to continue Dutch fiduciary franchise despite client loss
The asset manager saw its largest fiduciary client SBZ Pensioen move to Achmea IM last year
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NewsFCA launches consultation on asset management regulation
Regulator looking to improve asset management regulation with a more modern and tailored regime
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NewsFinancial industry will ‘rapidly’ react to price externalities, Nordea’s CEO says
Diversification, with a balance of equities and bonds in an investment portfolio, did not work last year, says Nils Bolmstrand
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NewsUK roundup: Phoenix Group assigns £338m to multi-asset climate solution
Plus: Bfinance completes management buyout; FRC adds signatories to UK Stewardship Code
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InterviewsImpax rides the sustainability wave
One investment analyst sums up Impax Asset Management as a “pure sustainability play”. And certainly, according to founder and CEO Ian Simm, the core thesis of Impax is to “make the most of the investment opportunities offered by the transition to a more sustainable economy”. These are “on the scale of the Industrial Revolution”, Simm believes.
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NewsWorld’s biggest asset managers rein in support for ESG-related proposals
BlackRock and Vanguard blame boom in ‘overly prescriptive’ resolutions in 2022
