Climate disclosure a bumpy road
Implementing the recommendations of the Task Force on Climate-related Financial Disclosures is challenging, fortunately some investors are paving the way, a PRI climate conference heard.
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UMR will add to private assets, more
France’s Union Mutualiste Retraite is planning slight increases to its allocation to cash, private equity, private debt and infrastructure, in the face of high valuations and the late cycle. The fund has already added to its direct real-estate investments this year and is bracing for incoming regulations.
CalPERS’ PE reform uses familiar model
The California Public Employees’ Retirement System decides to stick with a traditional approach to direct investment within its private equity portfolio, planning to use a model that features ‘captive’ general partners that will operate independently but with a clear mandate from the fund for long-term value and benefit to society.
UK’s BTPS forges independent identity
Since splitting from its former inhouse manager, Hermes, the £50 billion British Telecom Pension Scheme has set about redefining itself. With a self-reliance borne of technology, the fund has brought portfolios and functions inhouse and started a bigger push into mature infrastructure.
MP Pension’s full embrace of ESG
The $17.4 billion Danish fund for academics is emphasising all three letters in ESG. Its portfolio is shedding fossil fuels as it advocates for diversity and plots a new sustainable strategy.
Alaska keeps C-suite interviews public
The $64.9 billion Alaska Permanent Fund’s new CIO interviewed for the role while the public watched and listened. A history of transparency at APF defies sovereign funds’ reputation for secrecy.
Sustainability