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.
The €109-billion PGGM has been one of the global leaders in allocating assets according to ESG criteria. Now it is taking the philosophy one step further and aims to measure how all of its investments have a positive influence on the state of the world by measuring “sustainable returns”. The Dutch pension-fund service provider claims
Water and how a company manages its exposure to this increasingly scarce resource is a key focus for Norway’s sovereign wealth fund in assessing the environmental and social performance of the more than 8000 companies in its portfolio. Anne Kvam, the head of Norges Bank Investment Management’s (NBIM) corporate governance team, says the sheer size
Jim Keohane’s first annual results as chief executive of HOOPP have been satisfying. The fund returned 12.19 per cent in 2011, a result well above its peers. It is 103-per-cent funded, and has reached assets of more than $40 billion for the first time. However, he says the unique investment approach and structure that has
Tackling the 65-per-cent-funded status of the Maryland State Retirement and Pension System has resulted in the bold political move to boost employee contributions while a long-term plan to increase allocations to private markets is part of a push to hit the system’s 7.75-per-cent-return target. The system is more than 10 per cent below the average
Returns should not be the sole driver of investment decisions as funds should consider the social, environmental and economic impact their capital can have, a senior official at Africa’s largest pension fund says. John Oliphant, head of actuarial and investments at South Africa’s $130-billion Government Employees Pension Fund (GEPF), says the fund considers high impact
Investment staff at Sweden’s Third National Pension Fund, AP3, have discretion to make tactical decisions as part of a dynamic asset allocation strategy that along with a drive to diversify investments aims to achieve an ambitious 4 per cent real return target.
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