EUROPE - A Scandinavian pension fund has issued a search for a global or regional asset manager investing in anti-global warming stocks, using IPE Quest.
In the search, QN892, the fund says it wants to invest €45m in listed global or regional stocks related to anti-global warming, such as renewable energy and clean tech future fuels and seeks a manager to do so.
The mandate must be managed on a segregated account and will be subject to the pension funds' ethical restrictions for investments.
"Thus the manager is not allowed to invest in companies blacklisted by the pension fund," according to the Quest.
The fund says the benchmark can be any suitable global warming related index.
The closing date for the search is February 2.
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