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Principles of a climate-impact dashboard
The climate-impact dashboard is part of a 3-D investment framework that balances risk, return and impact. This includes total portfolio thinking, long-horizon investing, impact investment strategies, system-level engagement and strategic partnership between asset owners and asset managers. Here Tim Hodgson lays out eight guiding principles to help shape a climate-impact dashboard.
Illinois’s innovative first
Illinois State Treasury is planning a new $700 million allocation to student loans in the first investment of its kind for any US state treasury. The $32 billion state treasury has never been scared to innovate.
PRI and the road ahead
The PRI will focus on a number of key areas in the years ahead including helping signatories invest in line with the SDGs and social issues, and pushing for more engagement. But it will also be asking for increased accountability amongst its signatories.
Taxonomies a revolutionary shift in ESG
The sustainability taxonomies are a generational shift in thinking about sustainability issues, according to the PRI which has published the first ever set of case studies on the use of the EU taxonomy.
There’s still alpha in public markets
There is still alpha in public equities markets, says Ron Mock, chief executive of the Ontario Teachers’ Pension Plan, who supports the fund’s allocation to hedge funds. Mock’s “faith” in active management extends to quantitative strategies – with the right managers.
The ABCs of Hedge Funds: Alpha, Beta and Costs
This hot-off-the-press revised version (March 30) of The ABCs of Hedge Funds, which decomposes returns into three components – systematic market exposure (beta), value-added by hedge funds (alpha), and hedge fund fees (costs) – includes data up to the end of December 2009. Among other things it finds the universe of hedge funds produced a
Yale warns on ‘nanny’ reforms
Subjecting money market funds to a bank-like regulatory structure would disrupt the short-term money market and increase systematic risk according to this Yale Law School paper. While risk-limiting reforms are important to ensure the continued safety and security of MMFs, this paper argues major revisions such as the floating NAV requirement or bank-like regulation would
Case study: The role of natural capital in decarbonising portfolios
This session examined the portfolio implications of transitioning to net zero with a specific focus on what benefit an allocation to natural capital can bring.
PRI slashes reporting burden to preserve code relevance among signatories
The Principles for Responsible Investment will reduce signatories’ responsibilities in their annual mandatory reporting from 240 questions to just 40 next year. The outgoing PRI chief David Atkin explains the move and why asset owners have a big role in stabilising the discussion around responsible investment.
Sustainability Digital – March 2021