All articles by Susanna Rust – Page 65
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News
Ex-DWS chief Moreau to lead HSBC Global Asset Management
Moreau to replace Sri Chandrasekharan, who will move into another as yet unnamed senior role within HSBC Group
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NewsHSBC pension scheme strikes £7bn longevity risk transfer
Deal with Prudential Financial is the second-largest longevity swap completed by a UK pension plan after the BT Pension Scheme’s £16bn deal in 2014
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NewsESG overlay ‘boosts outcomes for corporate bond investors’: report
Benefits of incorporating ESG factors include lower drawdowns and reduced portfolio volatility, according to JP Morgan Asset Management
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News
LGPS advisory board pursues ESG-related guidance updates
Scheme advisory board wants to make sure legal framework for LGPS does not lag that for other pension schemes
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NewsPRI consults on challenges to ESG, active ownership in passive investing
Organisation wants to ‘develop market thinking in this area given its rapid development and increasing importance of passive strategies’
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NewsBlackRock accused of ‘myopic’ fossil fuel investment
Think tank claims world’s largest asset manager has failed to protect investors but BlackRock challenges methodology and findings
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NewsTPR: DC governance stats show smaller schemes should wind up
The Pensions Regulator’s latest survey reveals an ‘unacceptable long tail’ of smaller schemes failing to meet key governance and trusteeship standards
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News
Asset managers propose new fund structure for illiquid assets
The Investment Association has proposed the creation of the ‘Long-Term Asset Fund’, which would be a modified version of an existing category of open-ended authorised fund
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NewsFRR launches ESG portfolio analysis searches and updates RI policy
Responsible investment strategy for 2019-23 includes aligning portfolio with 1.5-2°C warming trajectory and defining an ‘extra-financial risk budget’
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News
Schroders to buy majority stake in impact investor BlueOrchard
Deal underscores growing mainstream investor interest in impact investing, as distinct from ‘exclusionary and inclusionary SRI and ESG integration’
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News
Moody’s makes buy-side fintech, climate risk acquisitions
RiskFirst is known for its platform for defined benefit pension plans, while Four Twenty Seven specialises in climate risk data and analysis
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NewsPension funds ‘remain in scope’ of financial transaction tax law
Brussels-based pension fund and insurance lobby groups reiterate concerns ahead of technical meeting tomorrow
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News
UK government consults on merger of two local authority pension funds
Merger of £492m closed transport authority fund into £15.7bn West Midlands Pension Fund intended to address solvency risks
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NewsProxy adviser group revises best practice principles
Code of practice updated to introduce new governance, monitoring and reporting structures for proxy advisory companies
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NewsESMA advises against explicit ESG analysis mandate for credit rating agencies
Watchdog says credit rating agencies should stay focused on creditworthiness, but transparency of how they consider ESG factors could be improved to help investors
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NewsUS academics challenge whether ESG investing must be fiduciary duty
Two law professors have argued that the position taken by the PRI and others is ‘contrary to both law and economics’
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News
French government adviser delivers pension reform recommendations
Report elaborates vision of a points-based universal system to replace the 42 schemes that form the current mandatory state-backed system
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News
German quartet takes stake in ESG data provider Arabesque S-Ray
Allianz X, DWS, Commerz Real and Land Hessen back quant asset manager’s proprietary technology for monitoring corporates’ ESG performance
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NewsFrance’s ERAFP keeps its eye on portfolio diversification
The €30bn pension fund is seeking to shift investments towards equities, private equity, real estate and infrastructure
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NewsLuxembourg regulator highlights hard Brexit implications for UK firms
CSSF requires notifications from financial services firms by 15 September and a further submission by the end of October in order to keep operating through a ‘hard Brexit’ scenario
