Why small is beautiful at Illinois’ IMRF

The $42 billion Illinois Municipal Retirement Fund is dedicated to investing in emerging managers with a commitment of 22 per cent of its total portfolio. The relationship with minority and women-owned managers is mutually beneficial. Sarah Rundell talks to head of the IMRF emerging managers program and the co-chief investment officer of equities at one of its managers, Piedmont.

New guide for implementing climate risks

More than 600 organisations have supported the Task Force on Climate Related Financial Disclosures but the implementation of its recommendations have been slow, so CDSB and SASB have drawn on their well-established reporting frameworks to produce a guide that shows companies, in a very practical way, how to implement the recommendations.

What can the past teach us?

Institutional investors’ investment strategy should be serving the China middle class and the dislocation from within Asia, according to Stephen Kotkin,Professor of History and International Affairs at Princeton University speaking at the Fiduciary Investors Symposium at Cambridge University. He explored what the geopolitical conflicts of the past can teach us about the future. He looked at some of the key points in history, how China, the European Union and the US have survived, and what it means for the future.