Insurance giants push for more impact
The experience of the collaboration between six large US insurers to successfully invest in affordable multi-family rental housing is a lesson for any institutional investor looking to impact investing.
La Caisse’s oil exit pays off as renewables portfolio pulls ahead of fossil fuels
Divesting from the oil sector has been a boon for La Caisse’s performance, as the Canadian pension giant says its energy investments have earned billions in value-add compared to the benchmark since the inception of its climate strategy. Head of sustainability Bertrand Millot unpacks the fund’s approach in an interview with Top1000funds.com.
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WeLose: a failure of dual class shares
The failed IPO of WeWork is a good case study in the corporate governance flags that show up in the pursuit of a dual class share listing.
Long-term investors using short-term strategies
There is a contradiction in the way that many long-horizon asset owners behave. On one hand, they are increasingly concerned about the externalities imposed on wider society by the companies they own. But on the other, they tend to ignore the social costs imposed by the short-horizon strategies that they employ such as momentum and tracking error constraints. The transmission mechanism for this social cost is via asset mispricing, which leads to capital misallocation and incentives for CEOs to focus on short-term share price maximisation.
New CFA chief outlines the year ahead
The new chief executive and president of the CFA Institute, Marg Franklin, completed her first 100 days in the job last week and already she’s made an impact. Amanda White spoke to her about the organisation’s influence in the decade ahead.
Call to trustees: Stand up to managers
The largest asset owners should care about the stewardship difficulties facing asset owners with less than £20 billion in assets.
Sweden’s SISD leads way for GISD
Richard Gröttheim chief executive of AP7 explains why the Swedish Investors for Sustainable Development is a great opportunity to make a difference for the planet and future generations; and why collaboration works.
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