Managing not just measuring risk is key to long-term returns

Nobel Prize-winning economist Myron Scholes told t
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An announcement from the editor

An announcement from the editor

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Church of England’s transition index

Being passively invested shouldn’t mean being passive with regard to responsibilities says the Church of England Pension Board which has developed a new climate transition index with FTSE Russell, LSE and TPI that is the first to incorporate forward-looking climate data.

Oregon PE revamp shakes off GFC legacy

Oregon Investment Council has committed to investing $3 billion a year in private equity, with the smooth pacing strategy part a response to the fund’s overweight position to poor performing vintages as a result of its allocations before and after the GFC. The investor is also focusing on manager relationships with a focus on accessing new relationships and upsizing the best existing ones; and a new strategy that sees no provider in charge of more than 5 per cent of the portfolio.

Recession likely in six months: index

There is a 70 per cent chance a recession will occur in the next six months according to a new index measuring the state of the economy that uses a statistical method first applied to analysing human skulls.

Scientific Beta critiques TEG benchmarks

Scientific Beta has critiqued the proposals of the TEG on climate benchmarks, arguing they are unduly influenced by commercial interests and do little to discourage greenwashing or support decarbonisation efforts in the real economy.

Minnesota to expand private markets

A strategic and long-term focus sees the Minnesota State Board of Investment CIO, Mansco Perry, adopt a patient and encouraging approach when it comes to climate change and diversity. The $104 billion fund is also looking to expand its allocation to private markets, and double its internal team.

ABP’s climate neutral plan for 2025

The largest pension fund in Europe, the €450 billion Dutch ABP, set out its sustainability and responsible investment plan for 2025 last month. The plan sets out long-term objectives – in line with the goal of a climate-neutral economy by 2050 – as well as the short-term steps to achieve that.

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