Can finance crack modern slavery?

Institutional investors are increasingly worried about investing in businesses that exploit slave workforces through their supply chains. A roundtable into modern slavery discussed how asset owners and managers can take the lead to impact the 40.3 million workers in the world suffering from some form of labour abuse.

Spain’s Caixa boosts risk off allocation

In an overhaul of investments impacting almost every asset class, Spain’s largest corporate pension fund, is looking to increase diversification and improve its ESG ratings. It’s decreased equities in favour of US government bonds as part of a strategy to protect the portfolio in a potential downturn, this strategy also includes tail risk hedging, currency hedging and slashing its hedge funds allocation.