Nest, the largest workplace pension in the UK, says that private credit managers who prioritise institutional clients will be more favourably viewed. The £61 billion ($82 billion) fund has awarded a £450 million ($605 million) US direct lending mandate to Crescent Capital this month, citing the manager's institutional-client-first approach as a key attraction.
According to the latest figures, an ambitious turnaround plan at the United Kingdom’s biggest supermarket chain, Tesco, has helped reverse falling profits. Last year the retailer, one of Britain’s largest private sector employers and a landmark in every town since founder Jack Cohen opened his first store in North London in 1929, also changed strategy
Over the past five years, Finland’s 5.4 million people have watched with alarm as the eurozone they joined as founder members has descended into financial turmoil. So it is no surprise that Keva, which manages €34.4 billion ($47.1 billion) on behalf of Finland’s municipalities, as well as administering state and Evangelical Lutheran Church of Finland
Samuel Lisse, chief executive of Switzerland’s Vita Sammelstiftung (Vita), is currently in the process of hiring a new head of investment. The new appointee will have plenty resting in the in-tray, it appears, as she starts to assist the investment committee that governs the strategy of the 8.5-billion-Swiss-franc ($9.1-billion) joint foundation. That is not because
Alpha and beta rely to a large extent on exposures to systematic risk factors, so goes the “2013 thinking” of ATP in reversing the decision to separate alpha and beta in its investment portfolio six years ago. ATP has separate hedging and investment portfolios, with the hedging portfolio significantly larger at around DKK 670 billion
It’s hardly surprising that a pension fund for employees working for an organisation charged with reducing climate change and its consequences invests according to strict green criteria. Yet the investment strategy of the United Kingdom’s £2.1-billion ($3.29 billion) Environment Agency Pension Fund (EAPF) definitely has the capacity to surprise. The EAPF posted a total return
When John Wesley, the 18th century Anglican cleric, preached that business practices should not harm one’s neighbour, he never imagined that his principles would guide the global investment strategy of an $18.4-billion pension fund. Today, the General Board of Pension and Health Benefits of the United Methodist Church, based in Chicago, ranks as one of
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